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?
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