Slow-steaming has reduced the problem of overcapacity

Container carriers' willingness to slow-steam since 2009 mean that the market is less overloaded than would otherwise have been the case, says Drewry in new analysis.
Photo: Maersk Line
Photo: Maersk Line
BY LOUISE VOGDRUP-SCHMIDT

Slow-steaming played a major part in the overcapacity-drama that has played out in the container market since the financial crisis erupted, according to a new analysis by Drewry, which concludes that slow-steaming means that there is less overcapacity than there would otherwise have been.

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