Tuesday, October 26, 2010

FT: container ship industry older August article

Only 1.7 per cent of the world’s fleet is now laid up, according to Paris-based AXS-Alphaliner, a shipping consultancy.

Container shipsTwo of the most important forces in container shipping on Wednesday confirmed the strength and robustness of the recovery. Denmark’s AP Møller-Maersk, Maersk Line’s parent, announced it now expected 2010 to be its best year since 2004, when the container shipping boom was at its height.

Dubai’s DP World, one of the biggest container terminal operators, announced that container volumes grew by 7 per cent in the first half, while net profits, adjusted for the effects of exceptional gains, rose by 10 per cent.

The question is how long this unexpected recovery will last and what kind of container shipping industry will emerge.

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