News / ILWU-PMA contract agreement could be bad news for some containership owners

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While many on the US west coast will be celebrating the recent agreement between dockworker unions and the employers association, the spectre of vessel overcapacity once more rears its head on the transpacific.

According to Alphaliner, ocean carriers are currently deploying an additional 61 ships from Asia with a total capacity of 364,000 teu to compensate for the delays at US west coast ports.

This figure also includes 14 ships for ad hoc voyages operated between Asia and the US east coast ...