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Warning of container shipping rate war ahead


Container shipping could be headed into a prolonged rate war as cash rich carriers battle falling demand and a sharp increase in supply.


Speaking at TOC Asia Alan Murphy, said the container market was returning to normality but asked if this was pre-pandemic level of normality in 2019, a relatively good year for container shipping if 2020 – 2022 is excluded, or a much worse scenario of five – six years ago.


For more details, please visit the below website of Seatrade MariTime News


Reference: Marcus Hand, "Warning of the container shipping rate war ahead", Seatrade Maritime News, Nov 29th, 2022

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