Carriers are now paying the price for cancelling too few sailings
Container liners demonstrated in 2020 that they are able to reduce capacity when demand declines. They chose not to do so in 2022’s second half, and for this the price is now being paid, writes Sea-Intelligence.
The upcoming price war in the container sector seems to be self-inflicted, according to Sea-intelligence, which has examined the relationship between demand and capacity among leading box carriers in the months since September 2022 compared to early 2020 when Covid struck the world.
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