Container carriers will likely get a new battleground on which to carry out the current price war in the sector. A reorganization of the existing container alliances on the Far East-South America means that the weekly capacity on these services will increase by 11 percent, from 70,500 teu in June to 78,000 teu by late July, according to Alphaliner.
The analyst agency projects that South America will likely be the next trade hit by the current price war among container carriers, and this development comes "at a time when Far East-South American cargo demand growth is patchy," notes Alphaliner.
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