Stock advisory Company, 2018 seen tough for cargo shipping as overcapacity threat heightens
In 2016, India's container market witnessed a growth of about 10-11%, while in 2018 growth is estimated between 8-10%
With more than 220 cargo ships scheduled for delivery in 2018, realizations of container shipping lines across the globe are expected to come under pressure next year because of oversupply.
“2018 is going to be a tough year for container shipping lines as some players are acting bullish and adding capacities which could put freights down in the coming months,” Audrey Dolhen, managing director, French shipping line CMA CGM Agencies (India) Pvt Ltd told Business Standard.
The year 2017, however, has been a market of improvement for container business segment, said industry officials as cargo demand picked up across the globe with trade showing some upswing.
“Container shipping lines will have to act cautiously next year as any kind of aggression in adding capacity will only hurt the business,” said Subrata K Behera, manager (ports and containers research), Drewry, a UK-based maritime consulting company.
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