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Containing shippers suffer from economic slump and oversupply
By Liang Yiwen |
September 21, 2012, Friday
|
Online Edition
Online Edition
THE slump in container shipping market may last until 2015 as more ships enter the market and the world economy remains sluggish, the International Shipping Strategic Development Forum in Shanghai was told today.
"The container shipping industry has suffered a shortage of cargoes due to withering imports and exports worldwide," said Tao Suyun, vice president of the Sinotrans Group and CSC Holdings Co Ltd, one of China's largest logistics service providers.
"Business is deteriorating for European and American container carriers and Australia firms reported small gains," she said. "Some emerging markets in South America and Asia posted steady growth."
The global shipping capacity is expected to increase by 7.3 percent a year between 2013 and 2015. The problem of oversupply won't change soon, she said.
Economists estimated that at least 30 percent of the small and medium-sized shipyards will go bankrupt in the next two to three years due to lack of orders.
http://roll.sohu.com/20120921/n353701752.shtml
"The container shipping industry has suffered a shortage of cargoes due to withering imports and exports worldwide," said Tao Suyun, vice president of the Sinotrans Group and CSC Holdings Co Ltd, one of China's largest logistics service providers.
"Business is deteriorating for European and American container carriers and Australia firms reported small gains," she said. "Some emerging markets in South America and Asia posted steady growth."
The global shipping capacity is expected to increase by 7.3 percent a year between 2013 and 2015. The problem of oversupply won't change soon, she said.
Economists estimated that at least 30 percent of the small and medium-sized shipyards will go bankrupt in the next two to three years due to lack of orders.
http://roll.sohu.com/20120921/n353701752.shtml
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