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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...
Oct 5, 2022 • 6 tweets • 4 min read
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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.
Jun 2, 2022 • 5 tweets • 4 min read
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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...
