News / Overcapacity could spark new rates war among liners, warns Evergreen chief

Evergreen chairman Chang Yen-i has warned that, with the large number of newbuild mega-box ship deliveries beginning this year,  liner operators could see a return of pre-pandemic rates wars, if consumption fails to keep up with the capacity growth.

Mr Chang was speaking at the National Association of China Shipowners Chinese New Year celebration on Wednesday.

Evergreen itself has 49 vessels of 463,442 teu under construction, but market leader MSC has the largest orderbook, with 133 ships for over 1.8m teu being ...