With the current orderbook of 90 mega-vessels of more than 14,000 TEU to be delivered in the next three years, the Asia-Europe trade will see 88% of vessels in excess of 14,000 TEU by 2020, according to market intelligence provider in the container shipping industry SeaIntel Maritime Analysis.
Asia-Europe is already close to the limit of what this trade can reasonably be expected to absorb until 2020 in terms of vessel upgrades. Further vessel ordering in the 18,000+ TEU category is highly likely to result in excess capacity issues, SeaIntel said.
