The container shipping industry will have to ride out a bumpy period amid an anticipated seasonal decline in volumes spilling into the first quarter of next year and growing supply of ships.
According to BIMCO, handling this will be a recurring seasonal challenge.
“Bearing in mind that freight rates are still dropping in mid-October, so striking the right balance must be a priority to stop declining profits. The rates on key trades have once again become so low that any profits have evaporated,” BIMCO said in its outlook for the sector.
