HMM awash with box ships as the other top ocean carriers cut capacity

Capt. John

Every deepsea carrier has reduced its operated capacity this year, except South Korea’s HMM, which is taking delivery of a series of the world’s largest vessels.
And, in a double-whammy, the carrier has also seen nine ships, amounting to nearly 100,000 teu, returned from its former 2M partners, according to new research from Alphaliner.
As part of a cooperation agreement signed in 2017, 2M partners Maersk and MSC had chartered the vessels …

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