PRESS ROOM

With our comprehensive portfolio of international container shipping services, the U-Freight Group notes that a perfect storm of newbuild containership deliveries, weakening demand and a dearth of scrapping candidates is throwing the supply/demand balance hugely out of kilter.

Shipowner association Bimco said it expected a “slight improvement” in the balance next year, but nevertheless added that trade, freight rates and time-charter rates would remain weak.

In its third-quarter overview and outlook publication for the industry, Bimco has downgraded its global container volume growth for this year to an anaemic -0.5%, from +0.5%.

The full article can be seen here: https://www.bimco.org/news/market_analysis/2023/20230905-smoo-container

You can find more information about the U-Freight Group’s ocean freight services by visiting the relevant pages of this website or speaking to your usual contact in our company.