Container lines still ordering more ships, despite falling spot rates
Liner operators and non-operating shipowners have continued to add to their already swollen orderbooks, despite ...
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By Mike Wackett
Recently demoted to the fifth largest container line in the world by the merger of CSAV’s container business into the ‘new’ Hapag-Lloyd, Taiwan’s Evergreen Line yesterday fired a warning shot across the bows of its rivals by confirming its charter of eleven 18,000 teu ships.
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Comment on this article
Ricky Forman
January 29, 2015 at 2:34 pmWe are already hearing from the market that any surge in demand prior to Chinese New Year is being absorbed by the additional capacity entering the trade lane. This outcome comes as no surprise to carriers but yet many of them are trying to squeeze PSS’s in an attempt to half rate errosion. How depressing it must be to know that the market is essentially broken and beyond repair.