Institute of International Container Lessors

Blust, Steven
January 2009
Journal of Commerce (1542-3867);1/12/2009 Supplement, p131
The author reflects on the condition of the ocean carrier and container-leasing industries amid the growing uncertainty in the global markets in 2008. According to him, the significant drop in containerized volumes in major trades has had a negative effect on the near-term trade outlook with carriers retiring some ships because of reduced cargo growth and the delivery of new ships. Moreover, he believes that the reason behind trade decline is the efficiency of supply chains that allows it to rapidly adjust to demand changes.


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