By  on December 19, 2011

GENEVA — The excess capacity in global container ships, exacerbated by record deliveries of new vessel tonnage combined with the slowdown in the recovery of world trade, is expected to continue to put a downward pressure on freight rates, a United Nations report said.

“This is not good news for ship owners, but it’s good news for shippers of goods,” said Jan Hoffmann, chief for trade facilitation at the U.N. Conference on Trade & Development and lead author of the study.

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