11% extra container ships in 2023 could tilt market and add pressure on earnings
An increasing number of new container vessels will be delivered next year, resulting in supply exceeding demand. In 2025, capacity will be 30% higher than prior to the pandemic, adding pressure on freight rates. A high number of privately owned carriers poses a problem to discipline, according to Barclays.
Brand new container ships will enter operation to such an extent that over the course of the next year, supply – capacity – will be pushed higher than demand, thereby adding serious pressure on container carriers’ freight rates and earnings.
CII: IMO’s new climate regulation, CII, is liable to undermine its own intentions, German carrier Oldendorff warns. CII fails to view situation in its entirety, which may lead to an increase in emissions.
CII: Although a new legal clause places the responsibility and bills for poor climate ratings with operators and carriers, this has not altered Seaspan’s negotiations with customers, the major shipowner tells ShippingWatch.