The concept of the 50,000 teu containership recently forecast by consultants McKinsey was dismissed as neither needed or possible by senior industry executives at a conference in Hong Kong.
While the there is an inherent attraction to order megavessel newbuildings in the current financing and market environment, it is still unclear as to how they benefit the lines.
In a potentially catastrophic spanner in the works for the Japanese container line merger plans unde Ocean Network Express (ONE) have been rejected by the Competition Commission of South Africa.
