Strong secondhand box ship market now threatened by overcapacity
Unexpectedly strong demand for container shipping and healthy freight rates for much of last year ...
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By Mike Wackett
The opening of the expanded Panama Canal next year will bring uncertain employment prospects for more than 200 panamax containerships, currently deployed on services transiting the waterway.
According to Alphaliner, there are 238 container vessels of 4,000-5,100 teu operating on services that utilise the Panama Canal, but from next April these ships will be phased-out and replaced by larger vessels of up to 13,000 teu.
A total of 160 panamax ships are currently deployed on the Asia–US east coast trade, with 155 ...
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