Carriers have little track record of self-policing in pursuit of overall industry gains. Can carriers change their operational stance?
Annual Review and Outlook - Maritime
Any recovery would contrast with the depressed market the industry has endured in recent years.
Global trade and the many direct and indirect stakeholders that take part in supply chain delivery execution have been responding to and managing change for decades, perhaps even centuries.
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.