Several shipowners have added 18,000 teu vessels to their newbuilding programs in recent months, with others having added these big ships for the first time. Vessels as large as 21,000 teu have been ordered, and this trend will contribute further to the overcapacity that currently characterizes the market, notes SeaIntel Maritime Analysis in its weekly analysis of the container market.
However, the new mega-vessels will not reach the market until 2017 and forward, but even so, capacity on the route from Asia to Europe will increase by approximately 2.8 percent in 2016 and only if the same amount of ships are pulled out of the route, as was the case this year. This means that there will be an additional 7,000 teu available on the market every week.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Container reliability hit new low at the end of 2021
Schedule reliability in the container industry set a new negative record in December 2021 with one route in particular hit hard with an on-time arrival rate of only 10 percent, show figures from Sea-Intelligence. Problems in supply chains are still ”a huge burden,” says Hapag-Lloyd.
Intelligence service warns shipping against cyber attacks due to the Ukraine crisis
Tensions in Ukraine between Russia and the West prompts the Danish Defence Intelligence Service to warn against potential cyber attacks, referring to the NotPetya attack on Maersk in 2017.
Scorpio Tankers sells 14 ships – Hafnia confirms buying 12
Scorpio Tankers sells a total of 14 ships, the product tanker company states on Thursday. Hafnia has taken over 12 of the vessels via a leasing deal, the carrier confirms.
DNB Markets says oil price could hit USD 100 a barrel
An optimistic scenario could see the oil price go above USD 100 per barrel, DNB Markets forecasts in its latest oil market report. It won’t take much for it to happen, oil analyst Helge André Martinsen says to ShippingWatch.
Cadeler secures two new deals
Shipping line Cadeler, which operates wind installation ships, lands two new deals, one with Vestas, the other with an unnamed customer.
Chief Operating Officer 
Project Office & Risk Manager 
Director of Lederne Søfart 
Financial Controller 
Key Account Manager, Denmark 
Sales Director