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.

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