ShippingWatch

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.

Read the whole article

Get 14 days free access.
No credit card required.

  • 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