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Containers in control: Fleet consolidation helps container liners support freight rates

Key highlights –

• Platts key container freight rates hit record highs
• Blank sailings supported industry through demand collapse
• Capacity management appears here to stay, but risks remain

Container shipping has sailed through the coronavirus pandemic largely unscathed, as ship-sharing alliances and supply curbs to bolster freight rates have helped operators to offset tepid trade demand.

These new approaches to manage capacity will help the industry cope with the long-term challenge of overcapacity in the years ahead.

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