Container Shipping: Growing volumes but even stronger growth in tonnage

Hot on the heels of the success story of the second half of 2010, container shipping is now urged – in vain – to return to tactics like idling of vessels in order to boost freight rates once again as the year progresses, because of severe overcapacity issues.

In a recent report BIMCO said it expects that we go all the way into the peak-season around the third quarter before sustainable spot rate levels are back on main trading lanes from Asia to Europe and US West Coast. “To restore restore freight rates significantly over the coming quarter, idling of vessels ought to be considered an option.
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Source: Hellenic Shipping News