Report: 40ft High Cubes Dominate the Market

By Michelle Howard
Wednesday, June 18, 2014
Image: Great White Fleet Liner Services

High cube 40-foot containers are stealing a march on traditional 40-foot equipment and by the end of 2013 represented just short of 50% of the maritime container fleet, according to Drewry’s recently published Container Census report.

The overall fleet of maritime 40-foot high cube containers grew by more than 7% in 2013, a much faster pace than the global container fleet whose growth was limited to just 4.3%.

“Gains made in the maritime standard fleet came wholly at the expense of standard 40-foot equipment, whose count continued to decline, although the 20ft share held stable at about a third,” said Andrew Foxcroft, editor of Drewry’s Container Census report. “These long-term changes in the fleet composition are predicted to continue through 2014-17.”

Growth in the overall container equipment fleet was slower in 2013 than in 2012, when it grew at a racier 5.3%, but in line with the five-year average of 4%. Prior to 2009 annualized fleet growth had been double this figure, indicating the impact of weaker trade growth and liner efficiency gains on overall equipment demand.

Global box production is not expected to increase much over the short term, following a decade in which the underlying rate of annual production has changed little at around three million teu a year.

drewry.co.uk

 

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

Container Ships

US Sets Import Duties on Chinese Containers

The U.S. Commerce Department on Tuesday set duties on imports of rail and road transport containers from China after finding the goods were produced using unfair government subsidies.

New Rotation of CMA CGM Joint Service Unveiled

CMA CGM S.A. (CMA CGM) announced the rotation of its new service in cooperation with China Shipping Container Lines (CSCL), Orient Overseas Container Lines (OOCL)

Charterers Remain Optimistic Despite Small Downturn

Overall confidence levels in the shipping industry fell slightly during the three months to August 2014, according to the latest Shipping Confidence Survey from

News

Coast Guard Foundation to Honor Longtime Supporter

National Tribute Set for Thursday, October 9, 2014 The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families,

Suncor Sends First Tanker of Western Canada Heavy Crude to Europe

Canada's largest oil and gas producer, Suncor Energy Inc, is shipping its first ever tanker of Western Canadian heavy crude from Canada's East Coast to Europe, a company spokeswoman said on Tuesday.

Pivotal to Deliver LNG to Carib for use in Puerto Rico

Pivotal LNG, Inc., a subsidiary of AGL Resources, announced this week a long-term agreement to sell liquefied natural gas (LNG) to Crowley Maritime Corp. subsidiary Carib Energy LLC (Carib).

Marine Equipment

Aage Hempel to Service and Distribution Simrad Products Aage Hempel Netherlands b.v. signed an agreement with Navico Europe b.v. for service and distribution

Innovative Thrawls Help Reduce the Enviromental Impact

Fishing Company Cornelis Vrolijk, based in IJmuiden, The Netherlands, and its subsidiary Jaczon, based in Scheveningen, The Netherlands, are specialized in pelagic fishing.

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

Vessels

Ingalls Authenticates Keel on Aegis Destroyer

Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division today authenticated the keel for the company's 30th Aegis guided missile destroyer, Ralph Johnson (DDG 114).

Steel Cut on First of Three ISVs for KT Maritime

A steel cutting ceremony held last week at the Singapore shipyard of partner company, ASL Shipyard Pte Ltd. marked the start of construction for the first of three

Innovative Thrawls Help Reduce the Enviromental Impact

Fishing Company Cornelis Vrolijk, based in IJmuiden, The Netherlands, and its subsidiary Jaczon, based in Scheveningen, The Netherlands, are specialized in pelagic fishing.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
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: 0.3379 sec (3 req/sec)