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Masses of small box ships scrapped as mega ships dominate world trade
TWENTY-EIGHT per cent of the containerships being scrapped this year will be less than 3,000 TEU, says Peter Sand, chief analyst at the shipowners Baltic International Maritime Council (BIMCO).
"It is important for the container companies to get the unit cost down," he said. "The small vessels are more than matched by the other ships."
Mr Said said container shipping is most effective when unit costs are down, adding that it is not the big ships that are to blame for the crisis we are in, reported Hellenic Shipping News.
But big ships, that can be driven without major impact on the supply side, improve competition. "The majors have realised this," he said.
Mr Sand does not think we have seen the largest containerships to be built yet. "We have not yet found a natural limit to how large containerships can be."
"It is important for the container companies to get the unit cost down," he said. "The small vessels are more than matched by the other ships."
Mr Said said container shipping is most effective when unit costs are down, adding that it is not the big ships that are to blame for the crisis we are in, reported Hellenic Shipping News.
But big ships, that can be driven without major impact on the supply side, improve competition. "The majors have realised this," he said.
Mr Sand does not think we have seen the largest containerships to be built yet. "We have not yet found a natural limit to how large containerships can be."
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