Signs of a turnaround in the prospects of global container shipping companies began surfacing last July when rates began creeping up through the Peak Season. Overcapacity, however, continues to haunt the industry and may keep it from a sustainable recovery.
Maritime analysts at Xeneta, a global benchmarking and market intelligence platform based in Oslo, Norway, note that carriers operating in the trans-Pacific have been able to make their general rate increases (GRIs) stick through early autumn.
