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Maritime News

2017 Liner Market Review Improvements To Build On

One year ago we reported that it looked like container shipping was at last starting to build towards something more positive and that 2016 may well be seen as the year in which the container shipping sector really started to tackle its problems head on.One year later it looks like 2017 lived up to at least some of the expectations with improved market conditions clearly visible.

2016 had largely been another challenging year for the container shipping sector but as we moved into 2017 it appeared that the freight market at least had bottomed out. Box freight rates in general continued their late 2016 improvements into early 2017 and, although there was still significant volatility and easing back on some trades later in the year by end 2017 mainlane rates stood below end 2016 levels the SCFI Composite Index averaged 27 percentage higher in 2017 than in 2016. Against this backdrop charter market vessel earnings started to improve rising sharply at end Q1 2017.

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