Business Data
Global industry overview - container shipping overview Q3 2011
Lines have pos ted pos itive 2010 res ults and the global economy is recovering , so why is BMI s till fearful about what the future holds for the container s hipping s ector? Overcapacity is s till not under control, rate declines appear to be wors ening and further capacity is due online throug hout 2011, which will only exacerbate the s ituation. Improving rates were behind the recovery in container lines ' reults in 20 10 . Assuch, the failure s o far in 2011 to increas e rates is a bad omen. Volumes , while ticking up, are in mos t cases still not back to 2008 levels , which is clearly another caus e for concern. BMI has examined these issues and below we hig hlig ht our key views for what this quarter holds for the box s hipping s ector.