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.
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