Shipowners' craze for container mega-vessels has vanished

The aggregate orderbook for new container ships has reached the lowest level in 17 years and, according to Alphaliner, will likely decline further in the near future due to terrible market conditions and the consolidation in the industry.

Photo: Thorbjørn Hansen

Container carriers' appetite for newbuildings has reached its lowest level since 1999, and the combined orderbook will likely decline further in the near future, notes Alphaliner, citing the extremely poor market conditions and consolidation in the sector.

In the first seven months of 2016, shipowners only ordered the equivalent of 202,000 teu in new container ships. In comparison, the shipowners ordered 2.3 million teu in new capacity in 2015.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
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
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs