Alphaliner: Shipowners locked in a fight for market shares

The major container shipping companies’ appetite for growth remains unimpaired in spite of the deep recession plagueing the market since 2008, and several shipowners have returned to extensive newbuilding programs, according to a new analysis by Alphaliner on Tuesday. 

Photo: Maersk Line

The world’s 21 biggest container shipping companies are locked in a fight for market shares following the addition of new tonnage. The shipping companies’ appetite for growth remains unimpaired in spite of the recession, writes Alphaliner on Tuesday.

“The collapse of Lehmann Brothers in September 2008 marked a critical turning point for the container shipping industry. The weaker operating environment and difficulties in securing funding for new ship orders led overstretched carriers to scale back some of their ambitious growth plans. As a result of this, the containership orderbook dropped from 57 percent of the existing fleet in September 2008 to 22 percent in September 2012. Despite this, the top 21 carriers collectively added 3.5 Mteu of extra capacity over the last four years, for an annualized growth of 7.2 percent. The composition of the top 21 carriers remains unchanged,” writes Alphaliner in the analysis.

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