Strong secondhand box ship market now threatened by overcapacity
Unexpectedly strong demand for container shipping and healthy freight rates for much of last year ...
Owners of smaller container vessels, below 8,000 teu, could begin to benefit from a reversal in carrier strategy to deploy the ‘biggest ship for the trade’, according to the latest Shipping Market Review from Danish Ship Finance (DSF).
The ship financer said there were isolated instances of carriers deploying “leaner and smaller vessels” and replacing bigger ships on certain routes, and while it was “too early to call it a trend”, it suggested this reverse cascading was encouraging for the smaller sectors.
Indeed, ...
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