Excess of Containers in 2023 will lead to Insufficient Depot Space

With high inventories and slower demands, the shipping industry is experiencing a major slump in demand. One of the issues the industry will experience is a lack of container depot space.

With more container ships idle, more container inventory is released into the market. This will add pressure to depots in 2023, which could mean a rise in container storage fees.

Sources:
Clogged depots to be a feature of 2023 container market, Inside Logistics, Nov 10, 2022. Accessed Nov 14, 2022.