The prospects of a consolidation among the 20 largest carriers have become somewhat muted during the last few years, and there are no immediate signs that any carriers are planning to withdraw or merge with other companies in spite of the extremely difficult conditions of recent years, with low freight rates and significant overcapacity, concludes Alphaliner on Tuesday in light of the carriers' overwhelming newbuilding programs.
Since 2009, 18 of the 20 largest carriers have placed orders for new container ships amounting to 344 ships, corresponding to 3.4 million teu for a total of USD 34.1 billion.
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