
Global consulting firm, Alix Partners, has published the 2021 Container Shipping Report. For at least three decades, the container shipping industry has been locked in a recurring boom and bust loop. During times of strong macroeconomic growth, shipping rates would soar and container ship operators would reinvest their profits in new, ever-larger vessels. Then the economy would slide into a downturn, demand would plunge, rates would tumble, and operators would find themselves burdened with heavy debt and idle vessels. As overcapacity kept a tight lid on rates, leverage would expand, revenues would fall, and ship operators would tumble into bankruptcy or stay out of court, thanks only to amend and extend agreements with Continue reading “2021 Container Shipping Report published by Alix Partners”