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Boxship tonnage providers squeezed

Vast amount of container fleet is being redelivered

A swathe of boxship tonnage providers faces the prospect of going out of business as carriers redeliver ships and negotiate tough new charter deals. 

With the drop in demand for container shipping on course to set a new record this year, carriers have moved quickly to adjust their fleet deployment, tactically deploying more than 500 blanked sailings and cutting capacity. According to data from Sea-Intelligence, just six carriers - Maersk, Cosco, CMA CGM, Hapag-Lloyd, Evergreen and Yang...

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