Container Shipping Worries on Supply Crunch From Iran War Congestion
This was supposed to be the year of ample capacity and lower shipping rates.
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An annual conference we’ve dubbed “Davos on the Docks” kicked off this week in Long Beach, California, amid worries that a war in the Mideast causing logistics snarls and an energy price spike will last long enough to become a global economic problem.
S&P Global’s TPM26 agenda was supposed to center around how the container shipping industry manages through its next wave of overcapacity. US-Israeli attacks on Iran and the regional retaliation that started over the weekend quickly changed the script.