Analyst: Towering freight rates in container market are not due to blank sailings
It is not the container lines' blanking of sailings, which reduced capacity, that is driving the currently high freight rates. That is a myth, argues analyst firm Sea-Intelligence.
by DANIEL LOGAN
The severely over-heated container market with currently towering freight rates, a shortage of containers and booming earnings for container lines is not the result of the companies having blanked sailings to keep prices up.
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