APL: Giant ships create “perpetual overcapacity”

The excessive number of giant ships which will be deployed by APL and the company’s colleagues and competitors in the years to come, risks throwing the container market into a “perpetual overcapacity”, an APL top executive says.

Photo: APM Terminals

The container market risks ending in a state a perpetual overcapacity when the Maersk Line Triple-Es, the APL giant ships and the high number of other giant container carriers headed for the commercial routes of the seas, will begin operations. So asseses Gene Serokais, APL President for the Americas.

Gene Serokais will try to ensure that the state of perpetual overcapacity, as he dubs it, will not materialise, he said at a Los Angeles conference, Sustainable Shipping reports.

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