ShippingWatch

Carriers could return a lot of ships to vessel owners

According to analysts SeaIntel, container vessel owners, chartering ships to the shipping companies, will find a large number of ships returned to them as new ultra large ships are inserted.

Photo: Maersk Line

If the world's 20 largest carriers follow the example of Singaporean APL and China Shipping Container Lines (CSCL), the world's 8th and 9th largest carrier, respectively, and opt to return chartered tonnage to non-operating owners, these owners would receive tonnage for a total of 725,000 teu, according to an analysis performed by SeaIntel, published in the analyst agency's weekly newsletter, Sunday Spotlight.

At the beginning of April, China Shipping Container Lines unveiled a modernization plan for the shipping company's fleet in the next 3-5 years, which, according to the carrier's own information, will make room for new ultra large container ships without adding to the global overcapacity of container vessels.

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