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Back to the Red? Overcapacity Drains Volume Growth
Business Monitor International, April 2011, Pages: 27
Overcapacity Exacerbating Rate Decline
Lines have posted positive 2010 results and the global economy is recovering, so why is BMI still fearful about what the future holds for the container shipping sector? Overcapacity is still not under control, rate declines appear to be worsening and further capacity is due online throughout 2011, which will only exacerbate the situation. Improving rates were behind the recovery in container lines' results in 2010. As such, the failure so far in 2011 to increase rates is a bad omen. Volumes, while ticking up, are in most cases still not back to 2008 levels, which is clearly another cause for concern. BMI has examined these issues and key views are provided in this report for what this quarter holds for the box shipping sector.
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