Current market conditions are caused by a huge surge in the demand for container transport. On the supply side, box port congestion and poor container port performance are reducing the supply of shipping. The costs to operate a ship are … [Read more...]
Congestion is causing vessel delays that are equal to removing ALL ultra-large container ships from the market
Unprecedented congestion and the resulting delays to vessels have the effect of removing vast amounts of capacity from the world container shipping fleet, internationally respected maritime analyst company Sea-Intelligence has indicated. Using … [Read more...]