Cascading, within the chase to achieve economies of scale, has broken earnings on all trade lanes, as ships way too massive for necessities were delivered aggressively. But without sufficient cargo, running ships with too much capability brings down usage and profitability,” BIMCO said.
“For the entire year to stability out between deliver and demand increase, we want call for to develop in Q3 and Q4. Year-to-date the balance has worsened. Demand has been slow, part of the idle fleet has been reactivated and new ships have outstripped the variety of ships being demolished,” BIMCO said.
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