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 ...
©Gavin van Marle
By Mike Wackett
Lower bunker costs are “very welcome in an industry struggling to make a profit”, says shipping industry association BIMCO in its latest container market analysis, but added that the potential impact of much cheaper fuel in ratcheting up service speeds of ships “may not be such a blessing”.
BIMCO’s concern is that faster sailing speeds effectively results in more capacity being offered to shippers, something the industry has no need for.
BIMCO said that slow-steaming was originally conceived not only to trim ...
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