Subscribe to RSS feedIdle boxships at record high and still rising
by
Obsidian
—
last modified
Feb 26, 2009 12:00 AM
Container shipping faces at least another four years of misery, and probably more, as supply continues massively to outstrip demand.
Figures from AXS-Alphaliner show that the number of unemployed boxships has soared over the past couple of weeks as lines continue to cancel services.
By the beginning of last week, an estimated 392 ships with combined total capacity of...
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