Container market could go from bad to worse

The largest area of business for shipping groups such as Maersk, container transport, has been squeezed to the breaking point. It will be a long time before things improve, project several analysts.

Photo: Maersk Line

Maersk Group and other shipping majors must prepare for the massive challenges in their largest business area, container freight, to continue for years.

This is the unanimous conclusion from a number of analysts who believe that, based on a fundamental imbalance between supply of container ships and the global demand, it will be years before Maersk and the company's peers will experience improved conditions.

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

Reefer rates to peak in fall season, followed by slow decline

Rates on refrigerated containers, or reefers, have increased by 50% in the second quarter compared to the same period in 2021, with growth set to continue in the third quarter. 2023, however, will see rates slowly declining, forecasts consultancy Drewry.

Further reading

Related articles

Latest news

See all jobs