Alphaliner: Shipowners flooded South America with capacity

Expectations of growth on the South America trades compelled shipowners to deploy extra capacity. Now there is overcapacity and low growth, and shipowners such as MSC and Maersk Line may be forced to cut back in the region, according to Alphaliner.

Photo: APM Terminals

The South American fairy tale for container shipowners is coming to an end.

Several of the world's largest shipowners have deployed extra capacity on the service between South American and Europe, as well as between South America and the far East, due to expectations of large growth in trade and general optimism for the region. But these expectations did not pan out.

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