Recovery in jeopardy if lay-ups return too quickly
A new report has warned that redeployment of idle container tonnage threatens industry recovery, potentially seeing a “more pronounced seasonal downturn” at the end of this year.
The latest Macro report by container lessor Sea-Axis says that slow-steaming, scrapping, delays in deliveries, cancellations of new orders and lay-up of container vessel capacity had acted as the principal buffer to the fall in box volumes.
However, shipping lines are...
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