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Alphaliner

Oct 26 • 4 tweets • 3 min read

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📣 World containership fleet: what is the scrapping potential?
Container shipping markets are facing a severe risk of overcapacity in the coming years, with a total of 7.3 Mteu of newbuilding capacity, representing 28.3% of the existing cellular fleet, expected to hit...

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..the market by the end of 2025.

The years 2023 and 2024 alone will see a total of 5.1 M teu of newbuilding tonnage joining the fleet, with 2.3 Mteu expected next year and 2.8 Mteu due in 2024. By comparison, the containership fleet is expected to see only about 1.1 M...

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...of new capacity hitting the water in 2022, about the same as in the year before.
As the world edges toward what could be a lasting recession with an anticipated drop in seaborne trade, the market will likely not be able to absorb such a flood of newbuilding capacity.

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#containershipping #liners #trade #containers #fleetmanagement #fleet #tonnage

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@Alphaliner

Oct 5

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📣Record boxship deliveries forecast for 2023 and 2024

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The global container ship #orderbook has continued to creep up since midyear, despite a weakening market sentiment. While container lines are still highly profitable, #freight rates and charter rates are now on a downward trajectory, indicating the market has peaked.

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Both freight and #vessel time charter rates are still high historically, but the general feeling is that the market is about to correct itself and normalize some time in 2023. Across many trade lanes, #cargo volumes are weakening, and spot rates are coming down swiftly.

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Alphaliner

@Alphaliner

Jun 2

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Peak in charter expirations moves to 2025 as non-operating owners lock in more long-term deals

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Less than 20% of the publicly-listed non-operating owners’ (NOO) charter capacity will come up for renewal in the next 18 months, one of the lowest ratios seen in the modern container market.
The trend reflects the large number of multi-year contracts signed by NOOs...

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...with #carriers, who have been forced to accept such deals in order to secure #tonnage in the hot market. The largest amount of charter capacity will now expire in 2025, with a quarter of the public companies’ #charters due to continue until at least the end of 2026.

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