Drewry: Global Number of Container Ships Peaks

Posted by Joseph Keefe
Monday, August 18, 2014
file photo

The number of container ships transporting goods around the world has fallen in the first half of 2014 but the total capacity of the global fleet continues to increase, consulting firm Drewry Maritime Research said in a note on Monday.

Drewry Maritime Research foresees a fall in the number of container ships on an annual basis this year for the first time in at least 20 years.

The container shipping industry has been struggling with over capacity because of there are too few goods to transport on too many vessels as a result of the economic downturn.

Despite fewer ships, nominal capacity of the global fleet continues to increase by about 6 percent a year, Drewry said.

"This growth in capacity now comes solely from the increase in average ship size, not from having more ships," Drewry wrote in a note.

The total number of container ships amounted to 5,088 vessels as of August with a capacity of 17.8 million twenty-foot equivalent unit (TEU). That capacity has doubled in the past five years, global shipping association BIMCO estimates.

During the 12 months to the end of March 2014, 192 ships averaging about 2,600 twenty-foot equivalent unit (TEU) were scrapped, according to Drewry's Container Forecaster reports. Demolitions are running at about 55 ships per quarter, it said.

About 230 new ships of all sizes are scheduled to be delivered in 2014, or 55 per quarter, and the number of new deliveries will fall to about 180 in 2015.

Maersk Line, a unit in A.P. Moller-Maersk, has managed to bring down costs per unit by using bigger vessels.

The largest container shipping company in the world has ordered 20 mega-size vessels with a capacity of 18,270 TEU. Ten have already been delivered from South Korea's Daewoo Shipbuilding & Marine Engineering.

The remaining 10 will be delivered and set on routes between Asia and Northern Europe later in 2014 and 2015.

Reporting by Ole Mikkelsen

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Damen Outfitting First of Nine Bahamas Patrol Boats

The first of nine Damen Stan Patrol 3007s ordered by the Royal Bahamas Defense Force has arrived at Damen Shipyards Gorinchem in the Netherlands for outfitting.

Liquefaction Terminals to Dominate LNG Capital Expenditure

Capital expenditure (Capex) on global LNG facilities is expected to total $259 billion (bn) over the period 2015-2019, with investments expected to be 88% larger

New Chinese Shipyard Launches First Ship

The new shipyard facility of Honghua Offshore Oil & Gas Equipment Company in Jiangsu, China, has launched its first ship, an IMT982 Platform Supply Vessel. The vessel,

News

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

Logistics

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Costa Rica Approves APM Terminals Project

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said on Friday Costa Rica's environment agency had approved the construction of its Moin Container Terminal project.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Pod Propulsion Ship Electronics Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3324 sec (3 req/sec)