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Drewry: Scrapped ships have no real effect

Even though the number of scrapped container ships in 2014 has increased drastically, the combined effect on the overcapacity in the container fleet remains extremely modest.

Photo: Maersk Line

Even though the number of scrapped container ships has increased drastically in 2014, and is expected to keep rising throughout the rest of the year, the development will have a very limited impact on the current overcapacity of ships in relation to demand where the effect would otherwise be biggest, namely on the East-West trades.

All container ships scrapped this year remain under 6,000 teu, while the most significant overcapacity lies in the segment above 10,000 teu, where a majority of the vessels operate between Asia and Europe, says analyst agency Drewry on Monday in its Container Insight Weekly.

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