Transpac container service closures mount
As spot freight rates on the transpacific trade continue to weaken, the number of service ...
© Vladimir Serebryanskiy
According to Splash247, Chinese shipping line Cosco is set to stretch the container shipping industry’s delicate demand-supply balance once more, with a reported order for eight 15,000 teu and eight 23,000 teu vessels. As industry executives interviewed by Splash247 suggest, it is strange timing given how tightly carriers are currently managing capacity to prop up freight rates.
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