Despite overcapacity fears from a flood of newbuild ultra-large ships, as well as recent container spot rate erosion, analysts have a surprisingly positive outlook on profitability for container shipping this year.
In fact, Drewry said: “The reality of supply growth in 2018 is far less frightening than it was previously.”
It said that due to a number of deferrals and slippage of newbuild tonnage, the “real world” of an influx of between 1m …

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Source: The Loadstar