Container shipping is facing a potential oversupply of vessels, which should lead to more layups suggests the latest survey from the shipping industry association, Bimco, published by Hellenic Shipping News. According to the report, the organisation forecasts the inflow of new container tonnage in 2011 to be at 1.3 million TEUs. As the young fleet holds a very limited demolition potential, the fleet is forecast to grow by 8.7% in 2011 – equal to and outweighing demand growth by close to 2% points.
