Drewry downgrades container demand forecast for next five years

Drewry has downgraded its forecast for container demand over the next five years, owing to a gloomier world economic outlook and rising trade tensions.

The new forecasts suggest that the industry now faces being stuck with the current over-supplied situation for several more years.

Previously, the company’s global supply-demand index was expected to take incremental steps upwards through 2022, by which time the industry would at long last be close to equilibrium.