News / Overcapacity making waves in the containership charter market

Owners of mid-sized containerships, 7,500-11,000 teu, are suffering from the traditional slack season lull in charter market enquires,.

However, this year the employment outlook is even bleaker as ocean carriers begin to receive large numbers of new ultra-large container vessels (ULCVs).

There are 13 ULCVs of 18,000 teu and above still scheduled for delivery this year, although carriers may well postpone these until the first quarter of next year.

However, these will then combine with the deliveries of another 28 ULCVs of 18,000 teu-plus.

According to ...