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Waning European demand could significantly impact container market

Demand for container freight continues to decline in Europe, which could lead to significant overcapacity once current bottleneck issues are resolved, writes Sea-Intelligence.

Photo: Soeren Stache/AP/Ritzau Scanpix

Waning demand in Europe and the US could soon have the container market going into a ”downward spiral,” Sea-Intelligence predicts in its latest Sunday Spotlight.

The analyst firm has reviewed the latest figures from Container Trade Statistics, especially noting weak demand on the European market.

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