With some 3 million 20-foot-equivalent units (TEU) in new capacity poised to come online in 2024, after 3 years of controlled capital spending, carriers went into the year anticipating a reversion to the chronic overcapacity that has long weighed on the industry’s profitability. Geopolitical conflict and trade tend to follow each other. Revamped shipping alliances and sharply divergent strategies arrive […]
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