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81
Tomorrow is Chinese New Year’s Eve and is it felt far outside China.
Chinese New Year brings bad news as blank sailings soar:
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83
PS> Secondhand containership prices for further trading are also in free fall after the slowdown (post #79)
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84
What a difference a year can make:
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87
Free market forces at work:
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91
Make sense when heading into wind and with full deck load.
Does it work as a sail when sailing downwind and without deck load?
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92
Which means more midsize but newer ships heading for layup and older ships heading for the breakers. (??)
The ports will feel the market changes as well:
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93
And then the falling market for container shipping starts to bite:
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94
New trade routes opening up despite sanctions and market crash:
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How long before the major container lines find it cheaper to layup ships than sail them half loaded, or at a loss because of low rates?:
It’s new too early to prepare for Christmas:
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96
MSC is in the news today, but for all the wrong reasons:
Growing pain??:
ZIM withdraws China – Los Angeles loop:
Ocean Alliance could be next to go after 2M: analyst