Widdows, who stepped down as chief executive of Rickmers Group earlier this year, issued the grim market forecast during a presentation at the Marine Money Week conference in New York.
“There will be oversupply in the containership space for some time, which will of course continue to put pressure on rates,” he told attendees Wednesday.
Widdows also spoke at length about the collapse of the P3 alliance, which came as a shock to him and many other panelists as well.
“I
