As capacity exceeds demand, the new giant ships will put more pressure on severely oversupplied trade routes, and by the fourth quarter, the suspension of Asian to Nordic and Mediterranean trade routes will increase significantly.

According to the data report Analysis by the Sea-Intelligence Maritime, the shows that the available capacity of the Asia-Northern Europe route will decrease by 2.7 percent in September and 6.2 percent in October, while the available capacity of the Asia-Mediterranean route will decrease by 5.5 percent in September and 5.8 percent in October. The number of blank voyages on trade routes from Asia to Northern Europe and the Mediterranean will increase significantly in the fourth quarter as capacity exceeds demand and new large freighters will put more pressure on heavily oversupplied trade routes. "

The global order capacity is close to 30% of the active fleet, more than 7 million TEUs, and is expected to deliver 2.5 million TEUs by the end of this year and 3 million TEUs by 2024.

Hapg-Lloyd CEO Rolf Habben Jansen said supply was expected to exceed demand over the next 18 months. Global demand will grow by 2% this year and supply by 4%; capacity is expected to grow by 7% by 2024, while demand will grow by 3%. At least 65 percent of the order volume will consist of vessels with a capacity of more than 15,000 TEU, which will be deployed mainly on the Asia-Europe trade routes.

In early June, Maersk and Mediterranean Line added two giant freighters to the AE6/Lion route from Asia to Northern Europe. MSC operates 13 vessels with capacities ranging from 19400 teu to 24300 teu, and round-trip service times will be extended by 2 weeks to 13 weeks. The expansion of capacity is part of a deceleration plan for all eight routes of the alliance's Asia-Europe routes, by reducing fuel costs and emissions to improve reliability and absorb additional "super tonnage".

Meanwhile, OOCL also delivered the third of the 12 24,188 teu ship orders in June, while the first of the 6 24,136 teu ships has been delivered to Ocean Network Express, and Hapag-Lloyd has begun to deliver 12 23,500 teu ship orders.

On the Asia-Nordic route, June's schedule reliability reached 70 percent, up from 29.8 percent, while the Asia-Mediterranean route's on-time performance was 55.5 percent, up from 38.8 percent.

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