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 ...
Shippers can breathe easy, says this article from Transport Intelligence, despite the growing number of alliances in the container shipping world which could have triggered rising rates. It won’t do the shipping lines much good, but new figures out show that there will be a ‘surge’ in new capacity, with the orderbook now standing at 21.5% of current capacity. With airline capacity also growing, low prices for some time are likely to make global freight movements remain attractive. Although it does beg the question: will all that capacity cause some carriers to exit the market?
WestJet will 'disrupt' Canada with three 737Fs, but rivals aren't scared
West coast ports suffering as US container imports plunge by 37%
Cost-cutting FedEx Express to retire MD-11s for B767s and 777s
The 'mother of all BAFs' looms for shippers as green targets advance
First shipper uses new land-air corridor ex-India for Bangladesh exports
Carriers turn their gaze back to scrubbers as voyage results tumble
Maersk idles more ships while NOOs see a rebound in demand
Billund sees launch of Maersk Air China link – 'a start-up on steroids'
Comment on this article