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We believe that the [container] industry’s supply-demand balance will benefit from a reduced appetite for ultra-large container vessels among the major carriers, some of which now have their eyes fixed on a bigger prize of becoming global logistics integrators.
Simon Heaney, Drewry senior manager of container research
The Port of New York and New Jersey handled 622,531 TEUs in January, which marked a 6.3 percent year-over-year increase.