Containership supply squeeze is seen to end in four months

ONE OF the world’s largest ship financiers has forecast the pace of recovery for the global boxship market to moderate once the peak season ends after October, as large numbers of new ships flood the global fleet in 2010 and 2011.

DVB Bank said the current containership supply squeeze – which has helped double time charter earnings in three months and drag secondhand prices 30% higher this year – is unlikely to last beyond the next four months.
The downbeat assessment...

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