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Evergreen general manager Wu Kuang Hui has hit back at speculation that liner operators are hoarding capacity to drive up rates.
At a shareholder meeting on Tuesday, he said: “In this current market, there’s no reason for operators to hide capacity.
“Long-term contractual commitments for our transpacific services have reached 50%. As the market’s effective shipping capacity decreases, Evergreen will continue to adjust its fleet and improve operational resilience to cope.”
The carrier’s Q1 24 ...
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