Wednesday, March 31, 2010
Asian Ocean Carriers Slashed Fleets | Journal of Commerce: "A number of Asian carriers significantly trimmed the number of containerships they own over the last 15 months as they sought to reduce exposure to the fragile liner shipping markets, according to Alphaliner."
I would say that they don't see an economic recovery happening anytime soon, it takes a long time to build a ship. Not a good sign.
Posted by Stephan at 10:06 AM