Maersk unnerves market with downturn action plan

MAERSK Line’s disclosure that it could adjust fleet capacity within a month of any future downturn in cargo volumes has sent shivers through a containership charter market that remains unsure about what the future holds.

When demand started to decline in late 2008, lines took time to work out how best to react.
Eventually, service loops were suspended, ships put into lay-up and tonnage returned to their owners when charter contracts reached expiration.
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