Cosco: Two years until shipping starts to improve

Overcapacity remains a big problem for the shipping industry, says Cosco Chairman Ma Zehua. And as such, it will be another two years before the shipping market starts to improve, he tells Reuters.

"I don't think the market will recover within the next two years. There are a lot of newbuilding orders, which means the chances of the supply-demand imbalance improving soon are small."

Asian carriers expand collaboration to the US

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs