Freight News, Sea

Happy New Year?

[ November 28, 2013   //   ]

Business Monitor International (BMI) has published a special report on the outlook for the container shipping sector in 2014. An improving global macroeconomic outlook will support the continuing recovery in the sector and this stronger global demand outlook coupled with a slowing in new vessel launches offers a climate for higher rates and improving bottom lines for container shipping lines. Demand for container cargoes will be bolstered by projected growth in the key global consumer markets of Europe and the US. While the industry has seen a tough few years, Business Monitor believes that next year will mark the beginning of a revival in container shipping.