Why is there overcapacity in the solar container industry
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Introduction
According to Braemar’s latest Quarterly Container Fleet Statistics, a surge in new vessel orders and a sharp drop in scrapping activity are widening the supply-demand gap. Global container capacity is set to expand by 10% this year over 2023 despite expectations that vessel recycling will hit records levels. Meanwhile, container volume growth will be just 3% to 4%, according to shipowner association BIMCO. 3m teu was ordered during the first half of the year, with carrier appetite for tonnage “only marginally slowed” from the vast 3.
Why is there overcapacity in the solar container industry
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