Is the threat of mega-vessels wildly exaggerated?

The number of newbuilds in the container sector and their impact on a burgeoning recovery in the years to come is not as worrisome as previously expected, says Drewry.

Photo: Hyundai Merchant Marine

Fears that the supply of container ships will shatter the burgeoning recovery in the market could be highly exaggerated.

According to Drewry's new quarterly analysis Container Forecaster, the reality is that the growth in supply in 2018 is far less worrisome than previously expected, and even though the orderbook is expected to increase, it will remain at a level that gradually improves the balance between supply and demand over the next five years.

Read the whole article

Get 14 days free access.
No credit card required.

  • 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

Alphaliner: HMM set to go private in 2022

The South Korean state is reportedly prepared to divest container line HMM after having rescued the company from bankruptcy in 2016. According to Alphaliner, South Korea's central administration has confirmed a plan to privatize the carrier in 2022.

400 people risk being laid off at Seadrill

Once the contracts for two of Seadrill's drilling rigs expire, around 400 of the company's 1,050 employees are at risk of losing their jobs, reports media. Labor union expects the carrier to announce dismissals prior to Christmas.

Further reading

Related articles

Latest news

See all jobs