News / Carriers still need another 400,000 teu to maintain services

Nearly 200,000 teu of newbuild containership capacity was delivered in February, following a record 300,000 teu received the month before – the new tonnage being comfortably soaked up by Red Sea diversions around Africa.

However, if and when a safe passage can be guaranteed and ships can again transit the Red Sea to the Suez Canal without fear of attack, ocean carriers will need to manage a chronic oversupply situation, as at least another 2.5 million teu ...