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Ships Get Bigger and Global Ports Expand, Business and Industry Trends Analysis

Ocean shipping rates are influenced by supply and demand. In recent years, shipping companies ordered large numbers of new freighters to provide increased capacity. Unfortunately, just as many of those new ships were being delivered, bulk freighter charter rates fell to drastically low levels.

Meanwhile, investment in extremely large freighters has been very significant. Some of the newest ships are of massive size and capacity never seen before. The Panama Canal completed a major expansion project in June 2016 that enables it to handle much higher cargo volume and much larger ships.

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