Slow steaming not losing steam

摘要

Overcapacity is certainly nothing new in the container-shipping industry. Ocean liners have long struggled to maintain the appropriate number of available container slots for sale in any given trade, i.e. supply, with respect to shipper utilization, which roughly represents demand. Now, with the ever-increasing size of containerships-both deployed and on order-oversupply has become practically inescapable. Maersk Line Chief Executive Officer S0ren Skou told American Shipper in an interview back in March that container lines need to adapt to what he sees as "permanent" overcapacity in the market.