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.

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Container Ships

Asia-N.Europe Box Rates up 77 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe rose 77.4 percent to $1,206 per 20-foot container (TEU) in the week ended on Friday,

BIMCO: Containership Scrapping Heats Up

As the containershipping market continues to drift through a prolonged downturn premised on overcapacity a subdued world economy, BIMCO reports a glimmer of

Xeneta: No Silver Lining for Container Shipping in Brexit Storm

Xeneta, a  global benchmarking and market intelligence platform for containerized ocean freight, believes that the UK’s decision to leave the European Union will


Swiftships to Procure Patrol Craft Kits for Egyptian Navy

Naval Sea Systems Command (NAVSEA) awards contract to Swiftships for four 28-meter KITs for the Egyptian Navy   On June 28, 2016 Louisiana-based Swiftships, LLC,

Tallink Christens LNG Ferry Megastar

A new LNG-driven fast ferry Megastar was christened in Meyer Turku shipyard for owner/operator Tallink Grupp. The environmentally sound ship was christened on

Icebreaker Launched for Sovcomflot

On June 30, 2016 a new icebreaking supply vessel (IBSV) was launched for Sovcomflot as part of a long-term agreement with Sakhalin Energy.   Due to be delivered in the fourth quarter of 2016,


Op/Ed: Supply Chain Hindered by Cumbersome Regulation

The Federal Maritime Commission (FMC), which has always been a valuable resource in supply chain management, announced the formation of a Supply Chain Innovations

Asia Tankers-VLCC Rates Expected to Soften

MidEast rates slip from two-week high on June 28; raft of new ships and repaired vessels weigh on rates. Freight rates for very large crude carriers (VLCCs)

Will Zim Join 2M?

Israeli carrier Zim Integrated Shipping Services (ZIM) might join the 2M Alliance between Maersk Line and Mediterranean Shipping Co., Alphaline said quoting industry sources.

Maritime Contracts Naval Architecture Navigation Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
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: 0.0666 sec (15 req/sec)