Strong secondhand box ship market now threatened by overcapacity
Unexpectedly strong demand for container shipping and healthy freight rates for much of last year ...
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By Mike Wackett
Alphaliner has slashed its year-end idle container tonnage projection down to 600,000 teu from 800,000-1m teu, as the slack season fails to drag down the market.
The consultant said: “ A buoyant low-season demand is expected to lead to lower year-end idle fleet projections than initially projected.
“The higher demand is expected to persist through the next two months, with additional services launches already announced,” it added.
It also noted that demand for tonnage had been boosted by this year’s reluctance by container lines ...
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