Parking Lot Of Container Ships Idle Off China On Recovery Bet
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Supply chain woes finally appear to be easing, with Bloomberg highlighting a “large number” of container ships piling up off China
(Bloomberg) — For a sign of how much global trade has slowed, look no further than idled container ships — unused vessel capacity is near the highest level since a spike after the start of the pandemic. But where those idled ships are clustered gives insight into the industry’s bets for a rebound: a large number are positioned near China, waiting for a renewed flow of exports as the world’s second-largest economy recovers from Covid Zero restrictions. “It makes sense to be close to the main export centers, to be in a ready-to-go position,” said Simon Heaney, senior manager...
Danish major Maersk is likely to pursue a development strategy outside of a carrier alliance once its partnership with MSC ends.
Could the dissolution of the 2M alliance lead shipping lines into a tariff war?