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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.

Photo: PR / CMA CGM

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.

It is a myth that "nefarious blank sailings" are artificially helping to push up freight rates in the container market to the detriment of shippers and their customers, writes Sea-Intelligence, which has analyzed the numbers.

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