Shippers hoping the burgeoning overcapacity in global liner trades may lead to a prolonged period of cheap freight rates may be disappointed, delegates at this year’s S&P TPM conference in Long Beach were told.
According to Jan Tiedemann, VP of liner strategy at consultancy AXS Alphaliner, 819 containerships are currently on order, amounting to a total capacity of 6.99m teu and representing nearly 25% of current global fleet capacity – and …
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