# Alphaliner: 100+ Panamax Containerships Must be Scrapped to Reach Break-Even Levels

> Alphaliner says at least 100 panamax containerships must be scrapped before charter rates return to break-even. Charter rates of about $4,000 to $4,350 a day are below operating costs, and the fleet has 563 vessels with 68 laid up. Overcapacity followed the Panama Canal expansion, which allowed larger ships into the trade.

- Date: 2017-02-01 · published 2017-02-01T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/72393-alphaliner-100-panamax-containerships-must-be-scrapped-to-reach-break-even
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Container shipping overcapacity affects freight costs and logistics but does not directly move grain or feed commodity prices. The story is relevant only as background on global shipping economics.

## Sources

- gcaptain.com: https://gcaptain.com/alphaliner-100-panamax-containerships-must-scrapped-reach-break-even-levels/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.