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Megaships worsening glut in container market

Shipping lines have taken ownership of 20 megacarriers with a capacity of more than 18,000 TEU each and another 52 are on order, according to OECD
Friday, September 25, 2015 - 05:50
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Economies of scale depend on megacarriers being loaded close to maximum capacity and spending as much time as possible at sea rather than in port.

London

CONTAINER shipping lines are poised to take delivery of a new generation of "megaships" over the next two years, just as the growth of world trade is slowing down, contributing to massive overcapacity in the market.

Megaships, which can be up to 400 metres long, seem to be