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Container ships must go faster, Asian shippers told

Hong Kong and Asian shippers’ groups have urged shipping lines to increase the speed of their container ships to help overcome a possible shortage of containers used to transport goods around the world.

According to Hong Kong Shippers’ Council executive director Sunny Ho, around 20 percent of the global fleet of around 19 million containers had been taken out of the supply chain. But this corresponded with a projected increase in demand as the container-shipping industry entered the peak season from the middle of July. Returning vessels to normal speed would adjust this shortage.

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(Source: scmp.com)