Global containership capacity has risen by 2.43m TEU in the last 12 months, registering a growth of 8.1% YoY with 2.48m TEU of new vessel deliveries added against just 0.05m teu that were scrapped. African routes helped to absorb 23% of the net capacity additions with 0.57m teu added on the trade since July last year. MSC’s redeployment of their 24,000 teu ships to the FE-West Africa trades since March have played a key part in the rise of African vessel capacity and relieving the capacity overh