SeaIntel: Explosive container growth in 2014

A total of 61 new ultra large ships of more than 10,000 teu will hit the water in 2014. The situation could lead to chaos.


61 giant container ships of more than 10,000 teu all in all will be delivered from the shipyards in 2014, and unless the shipping companies cancel their services and sailings, the total capacity between Asia and Europe will grow by a whopping 13 percent in the 4th quarter 2014, concludes SeaIntel in a new analysis in its weekly newsletter, the Sunday Spotlight, in which the analysts also air expectations that this development will put the rates under renewed, massive pressure.

So far, there is not much to indicate that the market conditions will develop positively anytime soon. Demand has been low throughout all 2013 due to the critical financial situation in the Southern European countries and the weak growth in Northern Europe.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Norden reshuffles management and dials up growth ambitions

Norden establishes a new business structure and a new senior management team. This will entail increased growth in the carrier's tanker pool and investments in port logistics for an annual USD 20-40 million, CEO Jan Rindbo tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs