With weaker demand in the fourth quarter and a steady stream of new vessel deliveries, the supply overhang of surplus containerships is not expected to end soon, according to Alphaliner.
As a further 1.6 million TEU of new ships are due to be delivered in 2018, the overall capacity increase is unlikely to be absorbed by the end of 2018, given the absence of a significant surge in scrapping.
Additionally, the deliveries are expected to push the idle vessel capacity to 0.8 million TEU by the end of the year.
