The long-suffering container carriers are quick to announce when pulling out ships of Asia-Europe as a result of a weak demand and low freight rates. However, this is not the case when carriers deploy new and bigger ships instead of the existing capacity, SeaIntel writes in this week’s Sunday Spotlight.
“However, as many of the carriers are continuing to have super-postpanamax vessels in excess of 10.000 TEU delivered, these new vessels are displacing smaller vessels in the main Asia-Europe trade. Furthermore, this triggers a cascading effect onto the Transpacific trade, which is also witnessing the injection of large tonnage”, SeaIntel states in its analysis headlined “hidden capacity injections” indicating that the deployment of larger tonnage is not typically announced.
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