News / Liner oversupply problem being masked by Suez Canal diversions

© Brian Reyes

The Red Sea crisis, driving extended voyage times around Africa, is creating simulated cargo demand and masking the growing imbalance of supply versus demand in the container liner industry.

According to Alphaliner data, some 350 newbuild container vessels, equalling a massive 2.3m teu of capacity, were delivered last year, representing an 8% increase in cellular global capacity, set against anaemic growth.

Moreover, an analysis by Bimco reports that there are 478 more, with some 3.1m teu of capacity, scheduled to hit the ...