Several shipowners have added 18,000 teu vessels to their newbuilding programs in recent months, with others having added these big ships for the first time. Vessels as large as 21,000 teu have been ordered, and this trend will contribute further to the overcapacity that currently characterizes the market, notes SeaIntel Maritime Analysis in its weekly analysis of the container market.
However, the new mega-vessels will not reach the market until 2017 and forward, but even so, capacity on the route from Asia to Europe will increase by approximately 2.8 percent in 2016 and only if the same amount of ships are pulled out of the route, as was the case this year. This means that there will be an additional 7,000 teu available on the market every week.
Already a subscriber? Log in.
Read the whole article
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.