Glut In Container Ships Sends Rates Lower

According to the Clarkson Shipping Review & Outlook Spring 1996, the 1996 delivery of container ships is scheduled to reach 4,00,000 TEUs (twenty feet equivalent units). This is four times the level in 1993 and most of the eighties.

With a record order book and a world economy looking generally sluggish , the odds are generally stacked against the container business,