When container lines cut costs, MAN Energy Solutions can feel it

While Maersk is pleased that the container sector is ordering very few new ships, supplier MAN Energy Solutions takes a hit. The engine supplier is impacted by the low order book.

Photo: MAN

The major container shipping lines' current order book is extraordinarily low. So low that there is a fair amount of optimism among the shipping companies when looking a few years ahead, as it right now stands at just 11 percent of the existing fleet.

So even though expectations for the global economic growth have been reduced quite a bit by now, and the shipping companies have to pull ships out in order to keep rates up, it is less alarming when only a few new ships are set to hit the market.

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