Shippers Warn of Overcapacity, Cancel Scheduled Voyages, Announce Profit Warnings; Don’t Sleep in the Subway

Ship & Bunker reports Box Markets are in an Over-Capacity Crisis, Next Year Will be Worse Credit managers may well be keeping an even closer eye on box carriers next year, following a warning from Drewry that the sector is set to face even tougher times in 2016 as the in-balance of supply and demand slides to its worst since financial crisis hit 2009. And the research agency says the slump could last for several years

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Shippers Warn of Overcapacity, Cancel Scheduled Voyages, Announce Profit Warnings; Don’t Sleep in the Subway