Asia and Africa soak up new shipping capacity as US trades tread water
More than half of the new containership capacity added to global markets in the past ...
Covering the recent portfolio of liner shipping results soon descended into an exercise in tedious repetition.
Carrier after carrier reported booming profit levels on the back of strong volumes and high spot rates seen last year.
At times the only real differential was how many volumes each line carried last year, and how that compared to global market growth of 6%. Volume growth above that level and the carrier won market share, and vice versa if volumes were lower.
Margins were strong in ...
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