With global demand expected to contract by some 10% this year, due to the impact of the pandemic, blanked sailings are likely to be increasingly common feature among liner networks.
As a consequence, ocean carriers are reviewing their capacity growth plans and, in addition to doubling down on off-hiring surplus chartered tonnage, they are also shunning the newbuild option.
With so much surplus capacity on the water, the big non-operating owners are …
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Source: The Loadstar