FREE Whitepaper: The Future of the Container Industry
In the first half of 2015 things were actually going quite well for container shipping overall, with most lines reporting profitable operations. But this changed dramatically in the second half of the year as growth on key routes such as Asia – Europe slowed significantly and increasing numbers of ultra-large containerships (ULCs) were delivered from the yards. Going into 2016 the situation continued with better performing markets such as the transpacific coming under severe pressure.
Against this backdrop, and with many of the more mid-sized players having struggled even when times were good, the much-talked about consolidation of the sector has kicked off in earnest. This was seen with Cosco Container Lines (Coscon) and China Shipping Container Lines (CSCL) coming together as part of a wider merger of their parent companies, CMA CGM buying Neptune Orient Lines (NOL), and most recently United Arab Shipping Co merging with Hapag-Lloyd.
At the same time these movements have precipitated a major reshuffle of the alliances that lines use to gain economies of scale. Meanwhile the industry has been rocked by the bankruptcy of Hanjin Shipping, by far the largest failure the sector has ever seen.
With forecasts of much slower growth ahead in the container trades; many ultra-large containerships yet to be delivered; and the expanded Panama Canal affecting the size of vessels deployed, creates a complex series of factors playing out across container shipping. This White Paper presents an overview of markets and events, and examines what these will mean for the sector in the future.
Download your copy of our latest FREE whitepaper to find out more about mergers and acquisitions, the state of the market, the expansion of the Panama Canal and a lot more!