Are we near to a collapse of the container shipping market?

An article in Seatrade Maritime News certainly caught the attention of the U-Freight Group’s ocean freight teams.

The article suggests that a combination of tit-for-tat port fees by China and the US, and return to Red Sea transits flooding the market with capacity, could plunge container shipping lines into the red.

It adds that shippers and liner operators are facing yet more disruption to the global container trades with new fees expected as China’s retaliation, follows the decision by Washington to press ahead with Section 301 fees, and the likely resumption of Suez transits if the ceasefire in Gaza holds.

However, it also adds that cautious lines are not imminently expected to resume Red Sea transits, but the prospect is likely to be contemplated in the New Year if the second phase negotiations in the conflict between Israel and the Palestinians are successful. Even though the current outlook is bleak.

The full report, which is well worth a read can be found here:

https://www.seatrade-maritime.com/containers/is-a-collapse-in-the-container-shipping-market-imminent-

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