Demand in the so-called growth markets, which container carriers hope will take over and compensate for the fall on the big routes on Asia-Europe and a weak economy in the US and Europe, has not developed as expected. The development is especially problematic for shipowners as these markets were in a position to take over a lot of the ships becoming obsolete and replaced as shipowners deploy new and bigger ships on Asia-Europe.
So an analysis in SeaIntel Sunday Spotlight shows.
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