Container lines are estimated to have made an accumulated profit of $7bn last year and, according to Drewry, should achieve a similar result this year – or better.
In its latest Container Market Outlook & Freight Rate Trend , Drewry says it expects continued volume growth in every region and has upped its forecast for 2018 from an annualised growth of 3.6% to 4.3%.
It noted this would represent a further nine million containers …
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Source: The Loadstar