Container

Moody's: Container lines have sacrificed prices to fill their ships

Container carriers’ willingness to spend money on the green transition could come under pressure during the current price environment, the credit rating bureau says.
The big container shipping companies are undercutting each other to fill their ships at a time when demand for transportation is falling and the supply of ships is increasing. | Photo: Malte Ossowski/AP/Ritzau Scanpix
The big container shipping companies are undercutting each other to fill their ships at a time when demand for transportation is falling and the supply of ships is increasing. | Photo: Malte Ossowski/AP/Ritzau Scanpix
by TOMAS KRISTIANSEN, NIKLAS KRIGSLUND

The major container shipping lines have prioritized full ships over reasonable prices in the third quarter, when freight rates continued to fall, says credit rating bureau Moody’s.

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