Article
Global industry overview - container shipping: replay of 2009 t hreatens as carriers face declining Demand and overcapacity
BMI believes that the twin forces of overcapacity and declining volumes , on the back of s lower economic growth in the main demand markets of the US and eurozone, will force rates down once more, and carriers will once again face the pros pect of further losses . While rates plunged in 2011 due to overcapacity, we believe that the threat of a drop off in demand could s ee a 2009 downturns cenario playout.