News / Crisis looming for global shipyards as orders for new containerships ebb

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With global demand expected to contract by some 10% this year, due to the impact of the pandemic, blanked sailings are likely to be increasingly common feature among liner networks.

As a consequence, ocean carriers are reviewing their capacity growth plans and, in addition to doubling down on off-hiring surplus chartered tonnage, they are also shunning the newbuild option.

With so much surplus capacity on the water, the big non-operating owners are much less likely to speculate on future demand from their ...