SeaIntel: Shipowners have not withdrawn enough ships from Asia-Europe
More ships need to be withdrawn from Asia-Europe in order to stop the current rate erosion, says Lars Jensen, SeaIntel, to ShippingWatch.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.
BY JAKOB VESTERAGER
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.