News / TPM24: Shippers hope liner overcapacity will drive rates down – but...

Shippers hoping the burgeoning overcapacity in global liner trades may lead to a prolonged period of cheap freight rates may be disappointed, delegates at this year’s S&P TPM24 conference in Long Beach were told.

According to Jan Tiedemann, VP of liner strategy at consultancy AXS Alphaliner, 819 containerships are currently on order, amounting to a total capacity of 6.99m teu and representing nearly 25% of current global fleet capacity – and which, combined with weak demand, has led to predictions of ...