ShippingWatch

Clarkson: European fleet records extraordinarly slow growth

The commercial fleet in the European countries will grow with only 4.9 percent this year which will be the lowest recorded growth for six years, Clarkson writes in its monthly report.

Photo: Rederiforeningen

Since January 2011, the growth in the European fleet has slowed dramatically and the figures for the development in October 2012 show that this trend will only continue downwards according to the latest Clarkson World Fleet Monitor.

For the first time in six years, the growth has crept below five percent meaning that the gross tonnage (GT) of the combined European fleet had only recorded a year-on-year growth of 4.9 percent at the start of October. Among other things, the decline is caused by the fact that the number of ships (GT) sold for scrapping has increased by 61 percent year-on-year.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

ECSA's new secretary general balances on a razor's edge

ECSA’s newly appointed secretary general, Sotirs Raptis, has taken up the helm of an organization criticized by its own members for being invisible. In an interview with ShippingWatch, Raptis explains how he intends to alter that image.

Related articles

Latest news

See all jobs