Carriers invoke Force Majeure as ships begin to pile up off East and Gulf coasts
NewsContainer shipping companies, including CMA CGM, Ocean Network Express (ONE), and COSCO, are invoking force majeure due to the impacts of ongoing ILA strike.
Laid up fleet record
The peak shipping season ought still to be in full swing on many trade lanes, but generally poor cargo volumes and low rates have resulted in an already significant number of containerships being laid up.
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