ShippingWatch

SeaIntel: Shipowners have not withdrawn enough ships from Asia-Europe

More ships need to be withdrawn from Asia-Europe in order to stop the current rate erosion, says Lars Jensen, SeaIntel, to ShippingWatch. He believes that the withdrawal will happen.

Photo: Hyundai Merchant Marine

SeaIntel agrees with Alphaliner’s conclusion on Tuesday that the amount of ships the shipping companies intend to withdraw from Asia-Europe is not enough to break the current downward spiraling of the route’s freight rates.

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