Newbuild boom could mean end of container upswing in few years
Container lines could go from booming to plummeting freight rates in a couple of years, warns Danish Ship Finance in a new report. An armada of new container vessels could prompt overcapacity in the years to come.
by JENS THOMSEN
Broad smiles among container carriers thanks to their record profits may be replaced by deeply furrowed brows in a few years, once an armada of new vessels hits the water and potentially leads to overcapacity.
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