Date: , Sep 05, 2015
By: Ted Chen / Staff reporter
Major container shippers are set to see little or flat growth in the second half as demand remains tepid in the cyclical high season, Jih Sun Securities Investment Consulting Co (日盛投顧) said yesterday.
Jih Sun said in a report that shippers led by Evergreen Marine Corp (長榮海運) and Yang Ming Marine Transport Corp (陽明海運) began adjusting their operations last month in the face of oversupply in the marine cargo transport business.
Most shippers felt pressured by the cost of idling 10,000 20-foot-equivalent unit (TEU) freighters, the brokerage said. [FULL STORY]