The continued conflict in Ukraine combined with soaring global energy and food prices and the highest inflation in decades are expected to hit the shipping container sector's trading outlook for 2023, shipping analysts Drewry said in an update

As supply chain congestion eases, surplus vessels built up over the past two years are being taken out of service or sold into the second hand market.

Consequently the fleet of containers in service is forecast to dip by 3 percent next year, according to Drewry’s recently published Container Equipment Forecaster report.