02 Sep Reductions in container ship supply in response to surplus capacity
Posted at 07:34h in News 0 Comments
Over the past 12 months a significant amount of newly built container ship capacity has come on stream but without an equivalent increase in demand. In response to this shipping lines have looked at their existing fleets and taken the decision to take some of this out of use.
According to the latest data collected by Alphaliner, 187 containerships with a combined capacity of 448,000 teu had been laid-up worldwide as of July. No doubt this is as a result of some of the smaller vessels no longer being cost competitive to operate, and an attempt to prevent prices from falling further.
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