Subscribe to RSS feedMore ships idle amid box trade gloom
by
Obsidian
—
last modified
Feb 12, 2009 12:00 AM
Containership capacity deployed on the battered Asia-Europe trades has fallen by more than a fifth over the past six months as lines cancelled services in response to crumbling demand.
Latest figures from AXS-Alphaliner show that total capacity on the main eastwest trades shrunk by 15% during the same period, but the westbound route from Asia was the hardest hit as the recession swept through the European economies.
AXS-Alphaliner...
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