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Analysis paints gloomy picture of container shipping

When the largest vessel ever from a Chinese shipyard docks in Hamburg today, Thursday, it is but the latest example of the troubled times for major container companies, according to Danmarks Skibskredit’s new biannual analysis.

The largest vessel ever delivered from a Chinese shipyard, the container ship Cosco Belgium, will dock in Hamburg today, Thursday, becoming the latest ominous example of what lays ahead for shipping companies, as well as rates. And many like it, such as Maersk Lines new Triple-E, will follow in coming months.

Cosco Belgium is the first in a series of eight 13,380 TEU vessels and it was delivered in February 2013 from the Nacks shipyard in China. The complete series is set to be delivered this year and during 2014 and will be instated on the route from Asia to Europe.

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