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BIMCO will be attending the IMO in London for the 4th session of the Sub-Committee on Carriage of Cargoes and Containers (CCC), which will be held from 11 to 15 September 2017.
As weak demand growth is forecasted for the coming quarters, the container shipping industry is set to return to negative margins.
Severe overcapacity in the market and recently agreed contract rates on the transpacific trade lanes keeps pressure high on the liner companies.
Despite the collapse in freight rates, shipowners still have an appetite for new container ship orders and the order book has continued to grow. The record high order book of 7.54 million TEU will result in significant changes to the container fleet in the coming years.
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+45 44 36 68 00Lines are open Mon-Thurs 08:30-17:00 (CET) Fri 08:30-16:00 (CET)