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KG collapse slashes German container fleet control

The German share of the global container charter fleet, which established the Hamburg region as an international powerhouse in shipping, continues to decline. And this development will gain momentum in coming years, according to new data from Alphaliner.

Photo: Hamborg Havn

The German owners' share of the global container fleet will continue to drop while the large charter market will be increasingly taken over by North American, Japanese and Greek interests led by Canadian Seaspan. This is evident from new numbers published by analyst agency Alphaliner on Tuesday.

This development is expected to gain strength in coming years due to the fact that German shipowners currently account for just 5 percent of the orderbook of container ship newbuildings for the global charter fleet.

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