Older freighters look set for the scrap heap as capacity oversupply looms
Aged freighters are destined for scrappage, with the raft of new orders set to hit ...
Another fascinating opinion piece from Splash24/7 guest columnist Andrew Craig-Bennett on the lunacy going on the deepsea liner trades and the misguided arguments for building bigger ships. One of the joys of reading Mr Craig-Bennett is his refusal to pull his punches: “They all thought, like the bankers 10 years ago, that the rules have changed, and that eternal verities ceased to apply just because of new technology – the computer and the grey box carrying Freight All Kinds. They were wrong. None of them have a clue.” There is a further inference to this article – shippers need to be careful what they wish for; the removal of the conference system took away much of the stability that had resided within liner shipping for nigh on a century.
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Comment on this article
Mike Webber
March 23, 2016 at 10:08 pmTerrific piece with observations and wisdom broadly applicable well beyond the maritime industry. Beyond the private sector, in fact. Thank you for sharing it.