Shipping lines refusing to cut capacity in price war
Container freight rates are still falling, while charter rates are holding up, suggesting that liner operators are chasing market share, even if it means a price war.
Linerlytica's latest report, issued on 13 March, stated that around 738,014 TEU of capacity, or 2.8% of the fleet, is now idled, down from a peak of 3.8% in February, as shipping lines are reactivating inactive
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