ShippingWatch

SeaIntel: Carriers "hide” deployment of large ships

The major container carriers are quick to announce when they pull out capacity of a week market. However, information about large ships replacing smaller ships is very scarce, SeaIntel says in its analysis of what SeaIntel calls “hidden capacity injections”.

Photo: Hapag-Lloyd

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.

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

ECSA's new secretary general balances on a razor's edge

ECSA’s newly appointed secretary general, Sotirs Raptis, has taken up the helm of an organization criticized by its own members for being invisible. In an interview with ShippingWatch, Raptis explains how he intends to alter that image.

Related articles

Latest news

See all jobs