Topic “international ocean shipping” — Exporter Magazine
Southern exporters are being cautioned to plan ahead for shipping space with the likelihood major shipping lines will again not be offering unscheduled vessel visits to take pressure off peak season loads, according to Otago Daily Times. Global container ship operators, hammered by high costs, oversupply and flagging demand, are cutting shipping capacity to shore up freight rates depressed by a sluggish global economy, according to a Reuters article.