Sluggish growth, combined with the delivery of more ultra-large container vessels (ULCVs) in the past month, has widened the gap between supply and demand.
According to Alphaliner data, 1.21m teu of new container tonnage hit the water in the first 10 months of this year, of which 83% was for ships of 10,000 teu and above.
Moreover, the consultant expects a further 140,000 teu of new containerships to arrive during November and December.
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Source: The Loadstar