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By Mike Wackett
The cavalier attitude of ocean carriers towards the ordering of new ultra-large tonnage is almost entirely to blame for the current dire market conditions within the container industry and the collapse of the charter market, according to a respected maritime consultant.
Alphaliner said that the gravity facing containership owners compared with that during the financial crisis in 2009, but suggests that the context is now “rather different”.
“This time, carriers’ reckless order wave of the past few years is largely to blame ...
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