Overcapacity looms for ocean trades – with more blanked sailings inevitable
Notwithstanding the possible effects of the US tariffs on global container trades, the box lines ...
© Chanchai Duangdoosan
By Mike Wackett
Along with pausing recruitment and across-the-board budget tightening, ocean carriers are halting the charter of tonnage.
One carrier contact told The Loadstar today a block on fixing charter ships – along with procuring ad-hoc feeders for relay operations – had “come from the top”.
“Even previously agreed extensions for charters where we don’t have a replacement ship, have to be referred up,” he added.
With the second-quarter reporting season about to get under way, container lines will be recording freight revenues in freefall, ...
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