Container Supply: Overcapacity To Remain An Issue In 2014
The projected strengthening in demand in the container shipping market offers a more positive outlook for the sector than it has witnessed in previous years. The key test for the industry however, remains its ability to control the issue of overcapacity, which has plagued the sector since the 2009 downturn. BMI expects capacity management to remain the major focus of shipping lines in 2014, as a greater volume of newbuilds is due online in 2014 compared to 2013.
Volumes Up, Vessels Down, As Megas Change The Landscape
In January 2014, growth in the global container shipping market has remained static year-on-year (y-o-y), increasing by 5% (measured on January 10 2014) to 214.2mn deadweight tonne (dwt) - the same growth level recorded in January 2013.
|Containership Capacity Increasing...|
|Average Containership Fleet In Service, DWT '000 and % Change y-o-y|