ShippingWatch

Booming rates boost container lines' appetite for newbuilds

The booming rates and solid profits seen in recent months will lead several container shipping majors to order new vessels, assess several analysts. Two of the biggest container lines confirm to ShippingWatch that they are actively looking into the possibility right now.

Photo: Martin Meissner/AP/Ritzau Scanpix

Several of the world's biggest container lines are currently in the market looking for new vessels, and this is a natural development following a period in which rates and earnings have skyrocketed, several shipping analysts tell ShippingWatch.

"It would be natural if we see some orders being placed. The global orderbook is historically very low right now," says Lars Jensen, CEO of Seaintelligence Consulting.

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