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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