A gradual container market recovery is expected to succeed the headwinds caused by Hanjin Shipping’s collapse, a report from Drewry has claimed.
The shipping consultancy said the boxship market has bottomed out but the anticipated improvement needs to be put into perspective.
A collective operating loss of $5bn is projected this year for container carriers but industry profitability is set to improve in 2017 thanks to improving freight rates.
Neil
