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More from Drewry on the limited range of options available to container lines that want to limit capacity – as any sane line would. But it’s not as easy as it would appear. The entrance into service of bigger ships has upped the stakes in the game. Carriers which have invested in a big ship have more to lose if it is mothballed, so their main tool has become “missed sailings”. Trouble is, this is more ineffective than lay-up, in terms of increasing rates.

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