Red Sea crisis forces Maersk to increase capacity over strategy limit
Maersk Line appears to have temporarily abandoned its strategy of maintaining capacity at no more ...
The Danaos-owned CMA CGM Rabelais © Atgimages
By Mike Wackett
Athens-based non-operating containership owner Danaos Corporation said today it expected container trade demand would surpass supply growth next year.
During its third-quarter results presentation, chief executive John Coustas was bullish on the sector’s outlook, attributing the improving prospects to a combination of low orderbooks and the indirect windfalls for shipowners from the IMO’s 0.5% sulphur cap on marine fuel that comes into effect on 1 January.
“We are aligned with the shipping analyst reports, and our expectation is that container trade demand ...
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