2017 was yet another year in which many in the maritime industry realized the need to run as fast as possible just to stay in place. Cost pressures continued to plague the industry in 2017 in spite of the fact that it appeared to be a year of relative recovery with growth in volumes and freight rates in some of the major global trades. However, overcapacity still looms large with the renewal of mega-ship ordering and its potentially negative impact on the market.
George Goldman, President, ZIM USA
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