There are signs that shipping companies are planning a new round of price war
According to the latest information from One Shipping: Recently, the number of global container liner lines stopped and jumped began to decline significantly, at the same time, the global idle container ship capacity decreased significantly, the speed of container ships is also rising quickly!
Signs indicate that the price war in the bulk market seems to be imminent!
Idle capacity has fallen sharply, with a recent weekly market report by Sindh Maritime Network (inactive capacity data is bi-weekly) showing that about 160000TEU of idle capacity had returned to the market in the two weeks before the report was published.
The average speed of container ships has rebounded. Although the average speed of container ships around the world reached its lowest level on record in February, this led to a decline of about 4% in the first quarter of the year as a whole, compared with the same period last year, according to the global average speed of container ships compiled by Sindh Maritime Network.