Analysts expect the 3rd quarter to bring slight improvements, followed by the seasonal slowdown typically seen in the 4th quarter to close out 2011. However, global container volumes are still expected to rise 8.5 percent through the end of this year. Demand is also expected to rise at a faster pace in 2012, which should help rebound the shipping rates to levels more comparable to a few years ago.
Positive Forecast for Ship Lines in 2012
In a report released this week, industry analysts say that although container shipping will have to deal with excess capacity through 2011, 2012 should bring better balance between vessel supply and demand. Vessel over supply and concerns about the European and U.S. economies have slowed trade and affected rates globally.