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.
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