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
Greek boxship owner Danaos has warned that the continued delivery of ultra-large container vessels (ULCVs) for deployment on the Asia-Europe tradelane, and the subsequent cascading of smaller ships into other routes is negatively impacting both freight and charter rates.
Announcing the New York Stock Exchange-listed company’s third-quarter results today. chief executive Dr John Coustas said the demand-supply fundamentals of the container market “remained weak”,
“As the super post-panamaxes continue to be delivered and deployed in the Europe-Far East route, the capacity being ...
Comment on this article
Special correspondent
June 15, 2016 at 4:56 amVessel owners should play an important role to survive and maintain container shipping industry. At first, They have to stop the war which lower container freight rates to increase market shares.
Secondly, they have to unify container vessel charterage to their vessel operators.
finally, they should correct charterage for Hanjin shipping, HMM as well as ZIM