Slow steaming can partially offset newbuilding surge, says consultant

Any recovery in the container shipping market will be overwhelmed by the flood of new vessels entering the market, according to maritime consultancy MSI. “On average larger vessels have seen average speeds drop by around 1 knot between mid-2022 and Q1 23, which if maintained would represent a meaningful reduction in effective vessel supply,” said MSI. Read more at The Loadstar

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