ShippingWatch

Alphaliner: 1.8 million new teu on the market until 2014

Even though the container shipping companies have managed to somewhat mitigate the growth of tonnage by using slow steaming, scrapping, and by taking ships out, there will be massive amounts of new tonnage coming into the market this year and the next, according to Alphaliner.

Photo: Hanjin

Maersk Line’s CEO Søren Skou told ShippingWatch recently that 2013 could be a tough year due to the prospects of “massive amounts" of new tonnage coming into the market while economic  developments remain slow.

Today, new numbers from Alphaliner confirm Søren Skou’s predictions for next year. In spite of Maersk Line and many of its competitors’ successfully having withdrawn capacity in 2012, not least on Asia-Europe, through slow steaming, layups, and scrapping the old fleet, the amount of new tonnage that will come into the market in 2013 makes the foreseeable challenges tangible.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Related articles

Latest news

See all jobs