Maersk Four Rate Rises Fail to Spread as Demand Falls: Freight
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Global container-shipping operators’ efforts to boost freight rates this year are failing to bring results because of overcapacity and weak demand.
That may undermine the recent rise in container-shipping stocks after second-quarter industry results were better than expected, according to Robin Byde, an analyst at Cantor Fitzgerald Europe in London. The industry’s traditional peak season in the third quarter probably will disappoint, he added.