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23/01/2023at 10:39

Carriers have pulled the brakes – order half as many newbuilds

With the container market facing a hard landing, carriers have reduced the number of orders for new vessels. Overcapacity could lead to price war, says one analyst.
Photo: Isaac Lawrence
by DAG HOLMSTAD

High inventory levels with unsold goods and pessimistic consumers holding on to their money have had a negative effect on box market demand.

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Maersk group head at the time Jess Søderberg, Mærsk Mc-Kinney Møller, the Queen of Denmark, Margrethe II, and Prince Henrik of Denmark in 1997 when the ship was launched. | Foto: Carsten Andreasen/Ritzau Scanpix
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Maersk divests historic ship – was world's biggest in 1997

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Foto: Piroschka Van De Wouw/Reuters/Ritzau Scanpix
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Port of Rotterdam expects regular bunkering of methanol by the summer

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Tim Power, managing director and head of maritime advisors at maritime consultancy Drewry, is skeptic about Maersk's land freight ambitions. The picture is from the Marine Money conference in London in 2020. | Foto: Marine Money
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Drewry director eyes one central weakness in Maersk's strategy

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Police find 4.5 tonnes of cocaine aboard freighter at Canary Islands

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Car carriers have rarely seen such profits: "We are probably at an all-time high"

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Further reading

Workers at South Korean shipyard Daewoo Shipbuilding & Marine Engineering. | Foto: Stringer/Reuters/Ritzau Scanpix
Suppliers

Carriers order more sustainable vessels and at higher prices

Even though newbuild orders decreased by 20 percent in 2022, the value of orders increased by 6 percent as more complex vessels were commissioned.

For subscribers

Chief execs of Maersk and MSC, Vincent Clerc and Søren Toft, acknowledges that much have changed for the carriers since launching the 2M alliance. For that reason, the partnership is now ended. | Foto: Jacob Gronholt-pedersen/reuters/ritzau Scanpix og Jason Decrow/ap/ritzau Scanpix
Container

End of 2M alliance could trigger a domino effect

A new reality on freight markets and a need for fewer ties could be main reasons behind MSC and Maersk terminating their partnership. More alliance dissolutions could be coming, according to shipping analyst.

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DFDS: "We need a level playing field to prevent social dumping on the Channel"

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Latest news

  • Maersk divests historic ship – was world's biggest in 1997 – 11:14
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  • Police find 4.5 tonnes of cocaine aboard freighter at Canary Islands – 07:55
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  • Maersk rebrands Hamburg Süd and several other well-known subsidiaries – 27 Jan
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