Box lines left reeling after unexpected volume surge

A HUGE surge in container volumes over the past three months has caught container lines by complete surprise and left them uncertain whether to reactivate idle tonnage even though their customers are screaming for extra space straightaway.

Maersk Line chief executive Eivind Kolding admitted last week that the industry had not been ready for the sudden sharp increase in demand that began in early December and continued right through to the start of the Chinese New Year...

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