Growth across major trade lanes is expected to reach 5.5% in 2015, according to Drewry’s Outlook for Container Shipping Webinar presentation held on Thursday.
Drewry’s data predicts that average rates will decline by 3-4% globally next year, highlighting the need for operators to cut costs.
The freight rate drop is attributed to new sulphur fuel regulations that will post a challenge to all industry stakeholders, according to Drewry.
Annual volume growth in the next five years is forecast to range 5-6%, however this will not be uniform across all regions.
Drewry said that ULCV deliveries in 2015/2016 are expected to cause deployment issues, especially in the North-South trades via the cascade.
A recovery is expected in 2017, which could be reached by adoption to change and reducing costs rather than achievening real balance between supply and demand.
Drewry believes that the new operating alliances are a positive development for the industry, but could bring temporary chaos to scheduling.
World Maritime News