The outlook for the global container shipping trades continues to darken, according to Drewry’s latest container forecaster, which is predicting an industry-wide $15bn loss for next year.

Drewry’s senior manager container research, Simon Heaney, today presented a “pessimistic” outlook for the liner industry, predicting a 60% reduction this year in global freight rates – spot and contract combined – followed by a drop of 33% in 2024.

And he added: “It is not just a challenge for 2024, but will be repeated in corresponding years.”

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