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Commentary: Lines struggle to cut capacity in Asia-Europe

Monday, February 11, 2013

Feb. 1’s accidental engine space flooding on one of the world’s largest and most expensive to operate container vessels provided an unexpected insight into the commercial difficulties facing owners like Maersk Line due to the imbalance between the global supply of ship capacity and cargo demand. A spokesman for the line reportedly confirmed that at the time of the accident, having entered Suez outbound for Asia, the 15,500-TEU Emma Maersk was loaded with 13,537 TEUs and that half ...

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