Unemployed container ships reached 718,000 teu in mid-December. This development will continue at least another two years, peaking in March 2014 when the current overcapacity will be strengthened further by the accelerating delivery of new ships in the first six months of 2014.
Even though demand is expected to rise again in April, where several carriers will resume the sailings between Asia and Europe that were shut down over the winter, it is far from sufficient to absorb the oversupply of container ships in the market, says Alphaliner an an analysis of the developments over the next two years.
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