Supply races ahead of demand in container shipping

Date Added: 15 September 2023

Supply races ahead of demand in container shipping

With our comprehensive portfolio of international container shipping services, Davies Turner notes that a perfect storm of newbuild containership deliveries, weakening demand and a dearth of scrapping candidates is throwing the supply/demand balance hugely out of kilter.

Shipowner association Bimco said it expected a “slight improvement” in the balance next year, but nevertheless added that trade, freight rates and time-charter rates would remain weak.

In its third-quarter overview and outlook publication for the industry, Bimco has downgraded its global container volume growth for this year to an anaemic -0.5%, from +0.5%.

The full article can be seen here: https://www.bimco.org/news/market_analysis/2023/20230905-smoo-container

For more information about Davies Turner’s ocean freight forwarding and logistics services, please contact ocean@daviesturner.co.uk or visit the relevant pages of this website.

Would you like more information?

I would like to opt-in to receive marketing communications from Davies Turner via:

Track your consignment online to get the latest status

Our core products – in air, ocean, overland forwarding and customs services, as well as in warehouse management and distribution

Click here to track your package

Back To Top

An image of the Top track logo An image of the ROSPA Gold award logo An image of the Rospa gold 22 logo An image of the 90001 logo An image of the 14001 logo An image of the investor in people logo An image of the system alliance europe logo An image of the iata logo An image of the aeo logo An image of the bifa logo An image of the ukwa logo