Shipyards in Asia see record growth in orderbook for new container vessels

In the spring, an unusually lucrative container market resulted in a record inflow of orders for new container capacity at shipyards in Asia. Orders were 60 percent higher than the previous record from 2005, according to Bimco.

Photo: PR / Danske Rederier

Orderbooks are overflowing at shipyards in China, South Korea and Japan after record growth in orders for container vessels in the first five months of the year.

According to a statement from shipping organization Bimco, the order volume for new container vessels set a record in the spring of 2.2 million teu or 60 percent more than the most recent record from 2005.

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