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Idle tonnage grows as box trade slump deepens
Crumbling demand prompts carriers to cancel services
By Janet Porter - Thursday 5 February 2009
CONTAINERSHIP capacity deployed on the battered Asia-Europe trades has fallen by more than a fifth over the past six months as lines cancelled services in response to crumbling demand.
Latest figures from AXS-Alphaliner show that total capacity on the main east-west trades shrunk by 15% during the same period, but the westbound route from Asia was...
