Container Ship Deliveries Hit New Record

By Aiswarya Lakshmi
Friday, January 08, 2016
Graph and Table source: Alphaliner

 Container vessel capacity delivered in 2015 has reached a new record as 212 new cellular containerships, with a total capacity of 1,714,860 teu, have joined the global fleet over the course of this year, according to Alphaliner Research.

 
The capacity influx from newbuildings therewith clearly exceeded the previous records of 1,527,800 teu, recorded in 2008, and 1,466,870 teu, delivered in 2014. 
 
Carriers were apparently undeterred by weakening market conditions last year and continued their big-ship strategies – ultra-large container vessels (ULCVs) representing 24% of the total cellular orderbook.
 
As a result of the severe over-capacity, the idle containership fleet has surged in the second half of 2015. It has now reached a five-year high, with some 1.3 Mteu of capacity unemployed. 
 
The analyst warned that the “ongoing race” between carriers within the four east-west vessel-sharing alliances to have the lowest unit costs, by reason of the highest nominal capacity, would add to further overcapacity pressures, due to the high number of ULCVs  to be delivered in the coming years.
 
The year’s high fleet growth proved to be unsustainable, as idle containership capacity soared to 1.36 Mteu at the end of 2015, compared to only 0.23 Mteu at the beginning of the year.  
 
However, these weak market conditions failed to deter owners from ordering more containerships. A total of 255 vessels was ordered last year with a total capacity of 2.34 Mteu. 
 
The value all containerships contracted over the course of the last year reached an estimated $20.2 Bn, 98% higher than in 2014. 
 
A fair number of these newbuilding contracts was driven by the new IMO Tier III requirements, which prompted some owners to bring forward planned orders. This way, the more expensive solutions required to meet the stricter emission standards for ships with keels laid after 1 January 2016, could be avoided.
 

Container Ships

Maersk Line's Innovative Smart Reefers

Have you heard about Maersk Line's smart reefers that can listen and talk? Cutting edge technology that reduces risk in customer supply chain, claims Maersk Line.

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

Hapag-Lloyd: UASC Merger Benefits to show in 2017

German container shipping line Hapag-Lloyd expects to reap a third of targeted annual synergies of $400 million from the planned merger with Arab rival UASC already next year,

Vessels

C-Job Designs Flettner Freighter for Switijnk

The Dutch shipping company family Switijnk has contracted C-Job Naval Architects to develop a Rotor Sail-equipped design to meet their specific loading and sailing profile.

Damen Trading Sale hits 500th Vessel

30 years and 500 vessels later, Damen Trading is just getting started. Damen Trading’s story begins in 1986, with Damen Shipyards Group responding to growing market demand for used vessels.

Matson Orders Two ConRo Ships from NASSCO

Matson Navigation Company, Inc., a subsidiary of container shipper Matson, Inc., has signed a contract with U.S. shipbuilder General Dynamics NASSCO to build two

Logistics

How Rapid is the Fleet Growth?

During July 2016, the containership fleet reached a landmark 20 million TEU in terms of aggregate capacity, says Clarksons Research.   To many it only seems

Maersk Line's Innovative Smart Reefers

Have you heard about Maersk Line's smart reefers that can listen and talk? Cutting edge technology that reduces risk in customer supply chain, claims Maersk Line.

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | 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: 0.0689 sec (15 req/sec)