The Port of Virginia recently completed a project to widen its ship channel for ultralarge container vessel traffic.
The shipping consultants Drewry predicts carriers should be able to return “solid if unspectacular results”in 2020.
Ocean carriers are deploying ever-larger box ships to drive down slot costs and emissions per unit. But they are sacrificing their own flexibility and are driving up costs for ports and truckers. Overall, the hoped-for benefits haven’t appeared and may even be a net negative, analysts say.
