UBS Warburg has released a report that says bullish container trade and limited shipyard capacity should sustain the on-going recovery in container shipping for at least the next 12-18 months despite a surge in containership orders.
The bank said rates could improve another 5-10 percent over the period and at worst, level off due to constrained supply. Trade with China has been the key driver of the recovery, with Chinese exports this year surging 27 percent in August and 31 percent in July year-on-year....
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