It is all just economies of scale and driving competitors out of the market. One thing is sure, the long procession of containerships to the scrapping beaches will continue for some years to come.

Yep,, one wonders,,years back the biggest charterers decreased their own fleets because it was according to them to expensive to operate the ships too (Don,t forget operate a ship incl crewing/repairing/technical etc which cost a lot money more because employ peoples aboard and more expensive more and more ashore) Now is just that the way to go according to them or at least seemingly.
We will see when that changes again.

Overcapacity is happening as I type this comment... :)

There were 2 more Hamburg Sud vessels at the same yard, also close to completion, plus two more 13.000 TEU vessels. And they have already started on 19.000 TEU (I will repeat that: 19.000 TEU) vessels.

Rgds

Vlad

Wow....All these newbuildings. There appears to be a "ton" of new capacity coming on line all at once. All the major's seem eager to put new "bottoms" on the oceans. I think another member may have alluded to possible over-capacity near future....?
Anyway.....nice photo.... :-)