International Journal of Maritime Engineering, cilt.162, sa.4, ss.331-344, 2020 (SCI-Expanded)
The market in container shipping has been characterised as highly cyclical. In a depressed stage of the cycle, with a sharp
decrease in demand, the gap between supply and demand widens significantly leading to a deepening overcapacity in the
sector. In order to reduce overcapacity in the container shipping sector specific actions have been undertaken by such
shipping operators. This paper describes a study which modelled certain selection criteria applied to overcapacity
absorbing methods for containership companies. The relative ranking of each criterion was determined through a fuzzyAHP method. In order to conduct the method, five main and twenty seven sub-criteria were determined. The results of this
approach showed that during the times of a collapsed market the most preferred type of overcapacity absorbing method is
to lay-up vessels, followed by adopting slow-steaming and thirdly, scrapping. Newbuilding contract
cancellation/postponement and service suspension were found to have the least effect