Port strike will see 60 more ships at anchor this week and rates rising
As the port strike on the US east and Gulf coasts enters its third day, ...
Ordering new ships has been an activity heavily freighted with peril over the last decade or so. Carriers have generally been highly wary of new tonnage since the fall-out from the global financial crisis, when an unprecedented decline in volumes coincided with a surge in new ships hitting the water.
It created a structural overcapacity in the industry that took years to recover from, and indirectly led to the bankruptcy of South Korean carrier Hanjin in 2016.
The key metric for container ...
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Port strike will see 60 more ships at anchor this week and rates rising
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