Gloomy outlook for container shipping – and not just for 2024
25 Oct, 2023
The outlook for the global container shipping trades continues to darken, according to Drewry’s latest container forecaster, which is predicting an industry-wide $15bn loss for next year.
Drewry’s senior manager container research, Simon Heaney, today presented a “pessimistic” outlook for the liner industry, predicting a 60% reduction this year in global freight rates – spot and contract combined – followed by a drop of 33% in 2024.
And he added: “It is not just a challenge for 2024, but will be repeated in corresponding years.”
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