According to a LoadStar article written by Mike Wackett, Ocean carrier fleet expansion is on hold as the liner industry fights for survival amid Covid-19 lockdowns around the world.
Fleet Expansion on HoldAccording to BIMCO chief shipping analyst Peter Sand, orders to shipyards have fallen significantly across all shipping sectors and comes on top of an already soft market environment.
“Uncertainty about future environmental regulations, as well as lower demand growth outlook in the coming years...
http://mfame.guru/covid19-uncertainty-pushing-carriers-to-put-fleet-expansion-on-hold/