The demand on the intra-Asian container services has boosted the market for smaller vessels.
In spite of the fact that total capacity has grown by 20 percent in recent years, the vast majority of which is made up of ships with between 1000 and 3000 teu, this segment in particular is nearly fully occupied. According to Alphaliner, this is a notable rehabilitation in a sector which back in 2009 had almost 320 ships without employment, although since then 450 ships have been scrapped, while there in the same period have only been deliveries of 378 newbuildings corresponding to a net reduction of the fleet of 72 vessels.
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