Page 3 - Container Shipping

2018 seen tough for cargo shipping as overcapacity threat heightens

With more than 220 container ships scheduled for delivery in 2018, realisations of container shipping lines across globe are expected to come under pressure next year due to oversupply."2018 is going to be a tough year for container shipping lines as some players are acting bullish and adding capacities which could put freights down in coming months," Audrey Dolhen, managing director of French shipping line CMA CGM Agencies (India) Pvt Ltd told Business Standard.2017, however, has been a market of improvement for container business segment, said industry officials as cargo demand picked up across globe this time with trade showing some upside. "Container shipping lines will have to act with caution next year as any kind of aggression in adding capacity will only hurt business," said Subrata K Behera, manager (ports and containers research) at Drewry, a UK-based maritime consulting company.For India, however, the impact is expected to be minimal as select bulk commodities are also ...