Wednesday, 10 December 2008

Container capacity shrinks

Ocean container carriers have cut capacity on the three main east-west liner trade routes by 6.7 percent, or 61,000 TEUs a week, over the past four months amid stalling cargo volumes and falling freight rates.

The Far East- Europe-Mediterranean trade saw the biggest drop, with weekly capacity down 9 per cent from 418,000 TEUs to 380,000 TEUs.

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