Strong secondhand box ship market now threatened by overcapacity
Unexpectedly strong demand for container shipping and healthy freight rates for much of last year ...
The perfect storm of rock bottom freight rates and increasing operating costs brewing for Asia-North Europe ocean carriers also looks likely to engulf the feeder operators plying the North Sea, Irish Sea and Baltic routes.
The fundamentals impacting the mainline carriers – rising charter hire rates and bunker prices and a relentless squeeze on freight rates – are also impacting the results of feeder companies where margins are traditionally very thin.
Added to this toxic mix is that Russian trade is down ...
Maersk Air Cargo sees volumes fall as it aims for 'margin in favour of revenue'
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