Liner shipping heavily pressured by influx of new container giants

According to the analyst, 58 ulcv’s (ultra large container vessels) of more than 18,000 teu are already in service today. As many as 47 more will be added in the next two years. These are generally destined for the route between Asia and northern Europe. The share of those ships in that trade will almost double, from 35% to 61%, says SeaIntel.