“Although a better year is expected in terms of rates, the outlook for 2017 is not any brighter than 2016. The good news is that the number of new vessels coming into service, comparing to 2016, is much less in 2017. In the first seven months of 2016, only 202,000 TEU of new containership capacity were ordered, compared to the 2.3 million TEU ordered during the whole of 2015. This might be translated into less space and consequently stronger rate market which is good news for carriers.”
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Container Shipping: Summary of 2016 and Brief Expectations for 2017