Container

More new container ships are entering the water than ever before

The price of container freight is set to drop further in October despite shipping companies’ canceled sailings, according to Linerlytica.
More than 190,000 teu of new capacity is expected to hit the container market every month for the next two years. | Photo: Michael Macor/AP/Ritzau Scanpix
More than 190,000 teu of new capacity is expected to hit the container market every month for the next two years. | Photo: Michael Macor/AP/Ritzau Scanpix
by DANIEL LOGAN BERG-MUNCH

Shipping companies are doing what they can to cancel sailings and adjust the fleet to the lower demand, but they are unable to keep up with the many new ships joining the market.

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