Container shipping, for the moment, has broken the self-destructive cycle of the post-financial crisis decade that saw carriers resorting to pulling cost levers like building mega-ships and slow steaming that benefit them, but not their customers.
The average capacity of container ships calling ports around the world, and the average amount of cargo exchanged per call, continued to grow in almost all regions in 2019.
The demand outlook on the Asia–Europe trade remains deeply uncertain, but carriers continue to hold the line on pricing amid a high level of blank sailings and volume declines.
The latest economic and trade outlooks for Europe paint a gloomy picture for the year.
The National Industrial Transportation League said its members do not rely on the publication of essential contract terms, eliminating the need for carriers to make such filings.