Lloyd's List is part of Maritime Intelligence

This site is operated by a business or businesses owned by Maritime Insights & Intelligence Limited, registered in England and Wales with company number 13831625 and address c/o Hackwood Secretaries Limited, One Silk Street, London EC2Y 8HQ, United Kingdom. Lloyd’s List Intelligence is a trading name of Maritime Insights & Intelligence Limited. Lloyd’s is the registered trademark of the Society Incorporated by the Lloyd’s Act 1871 by the name of Lloyd’s.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By


The Lloyd’s List Podcast: Why the box sector is in for a bumpy ride

Listen to the latest edition of the Lloyd’s List’s weekly podcast — your free weekly briefing on the stories shaping shipping

The container sector is grappling with looming overcapacity and plummeting rates, against the backdrop of a post-pandemic slowdown in container shipping and longer-term questions about the future of globalisation. If this is the new normal then the lines are in for a bumpy ride


THE container sector is no stranger to irrational exuberance.

The last time there was an overcapacity market, from 2016 to 2019, nine of the top 20 carriers disappeared in the space of two and a half years — a period that saw the carriers losing money on nearly every box they were moving.

And as one of guests on this week’s edition of the Lloyd’s List Podcast points out, that was scary. But the only thing scarier than shipping lines with no money is shipping lines with money.

The box sector is going through something of a reset at the moment. Freight rates have fallen sharply as demand has slumped. A flood of new tonnage is joining the global fleet at a time when carriers are being encouraged to remove capacity from the market, putting further pressure on both rates and reliability.

It’s no surprise that several of the lines are warning that earnings this year are set to fall sharply, but this feels to be more than just a cyclical downturn.

There are very few certainties and some wildly different strategic approaches being set out to deal with what happens next.

When the container set gathered for their annual conflab at TPM last week it was notable that the keynote speaker was not one of the big beasts of box boardrooms, but retired general and former CIA director David Petraeus, who issued a stark warning that the era of “benign globalisation” was over and that the expectation that shipping could see the same levels of steady growth it was used to was irrational in the context of a changing world.

There was lots of talk about how tensions in the Asia-Pacific region threatens to overturn the “logic of globalisation”. Container shipping is looking increasingly nervously at the big macroeconomic and geopolitical uncertainties that will ultimately decide their fate.

In the wake of TPM we are taking a quick top level look this week at how the container sector is faring against the backdrop of a post-pandemic slowdown and some longer-term questions about the future of globalisation.

Speaking on the podcast this week:

  • James Baker, Lloyd’s List containers editor

  • Tomer Raanan, Lloyd’s List US correspondent

  • Alan Murphy, Sea-Intelligence founder and chief executive

Related Content





Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts