Analysts: Prepare for pricier container shipping

"The industry may not have to wait that long for a turnaround," Parash Jain, global head of shipping and ports equity research at HSBC, told the TPM Asia Conference. Photo credit: JOC.

"The industry may not have to wait that long for a turnaround," Parash Jain, global head of shipping and ports equity research at HSBC, told the TPM Asia Conference. Photo credit: JOC.

Shippers face a double whammy of higher freight rates and fuel costs even as trade growth slows and container shipping sees a further round of consolidation, senior maritime and trade analysts said on Wednesday.