Recovery for ships under 3,000 teu to start by 2012
MARKET conditions for boxships below 3,000 teu will improve faster than for larger vessels, a recent study by Bremen-based research institute ISL has found. Relatively few smaller ships have been ordered.
In addition, scrapping potential is high in this segment, Burkhard Lemper of ISL said. As a result, smaller ships should recover faster than the larger sizes.
The total container market will not reach a balance between supply and demand...
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