Current Africa-detour matches demand with container capacity

However, the alignment of demand and capacity is not a gift to the large container shipping companies, but rather more of a loan, says Sea-intelligence.
Since 2019, there has been a ”gradual slowdown” of some vessels, which helped prevent some of the overcapacity in the market. However, in 2023, a large number of new vessels were delivered, which again caused capacity to increase.
Since 2019, there has been a ”gradual slowdown” of some vessels, which helped prevent some of the overcapacity in the market. However, in 2023, a large number of new vessels were delivered, which again caused capacity to increase.

Container shipping companies are currently benefiting from being able to sail around Africa instead of using the Suez Canal. This has caused the market capacity of containers to match demand. 

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