ShippingWatch

Container braces for three-year downturn

It's gone from bad to worse for container shipping over the last few months. Leading shipping analysts such as British firm Drewry have halved their growth forecasts for 2015-16 and predict three dark years for the industry.

Leading maritime research firms are painting an increasingly gloomy picture of the container industry's near future. They have drawn historical parallels with the horror year of 2009, where players such as Maersk Line delivered the largest deficit in recent times.

In its new analysis, Container Market Annual Review and Forecast 2015/16, British firm Drewry halved 2015 and 2016 growth expectations for the container market to just 2.2 percent in the current year, while simultaneously downgrading its growth forecast for the coming years.

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