Five Things to Watch: Containers
Container lines have a history of self-inflicted wounds, with the urge to order new tonnage as soon as market fundamentals look a bit better invariably ending badly, then ‘lessons are learned’, only to be swiftly forgotten at the start of the next cycle. The big question now is whether the unprecedented round of mergers and acquisitions has produced an industry that will be able to create a more stable environment, even if it is a little bit dull for those who, secretly, relished the roller-coaster conditions of recent years
Recovery ground remains shaky on potential regulatory changes and continued newbuilding orders
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