Alphaliner: Improvements underway for non-operating owners

Overcapacity in the container market has hit non-operating owners (NOO) especially hard. But improvements could finally be underway. The big test will come in May, says Alphaliner.

There are now traces of optimism among non-operating owners (NOO) who have for many years been struggling with the oversupply of vessels alongside poor charter rates, says Alphaliner in a new analysis, pointing especially to the larger segments of more than 3,000 teu. The balance between supply and demand in these segments has shifted significantly over the past two months.

For instance, the number of idled container ships between 3,000 and 5,100 teu dropped to less than ten units in January 2015, down from 104 units back in 2010, from an existing fleet of 1,000 vessels. And only 29 newbuildings in this range are expected delivered from yards, of which nine are 4,000 to 5,1000 teu.

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