If you’re shipping goods across the oceans, the near-term outlook for 2016 should remain favorable, with container rates near record lows, ample or excess capacity and tepid global demand.
According to Drewry, a London-based shipping consultant, the container shipping industry faces “three more years of overcapacity and financial pain” because of “slowing global trade and a bloated order book of large vessel capacity.”1
In recent years, several new, so-called Ultra Large Container Vessels (ULCVs) hit the market. Meanwhile, the new container vessel order book continues to grow.
Against this backdrop, we have been working with a number of clients to help them improve their shipping spending and drive savings.