Overcapacity
Overcapacity in maritime context refers to a situation where the supply of shipping vessels exceeds the demand for shipping services. This can occur due to various reasons such as an increase in the number of vessels being built, a decrease in demand for goods being transported, or a combination of both. Overcapacity can lead to a decrease in freight rates, which can negatively impact the profitability of shipping companies. It can also result in vessels being idle or scrapped, which can have environmental and economic consequences. Overcapacity is a cyclical phenomenon in the maritime industry and can have a significant impact on the global economy.
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