Alphaliner: New mega ship orders trigger chronic overcapacity

In two months, the total global orderbook for container ships has grown by an additional 600,000 teu, reaching its highest level in 14 months.

In just two months, a series of new orders for major container ships, Ultra Large Container Carriers (ULCCs) has expanded the total global orderbook for container ships by an additional 600,000 teu in the 3rd quarter 2013 alone, thus reaching the highest level in 14 months.

The new orders for mega ships in recent months, triggered by Maersk Line's Triple-E series of more than 18,000 per ship, ordered back in 2011, will lead to chronic overcapacity in the industry and will impede the prospects of sector recovery, a development that will have massive consequences for secondary trades, according to analysts Alphaliner.

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
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

Ørsted wants Maersk as customer in green methanol project

Energy company Ørsted has just bought 45 percent of Swedish Flagship One, which is set to produce green methanol for the shipping industry as of 2024. Ørsted's head of hydrogen wants Maersk as customer in the large scale project, he tells ShippingWatch.

Singapore names its biggest bunker suppliers

TFG Marine, a bunker company founded by two John Fredriksen-controlled carriers and commodity trader Trafigura, is among the five biggest bunker suppliers in Singapore in 2021. See the list here.

Record number of ships passed through Suez in 2021

Despite the blockage in the Suez Canal during spring of last year, the crucial waterway set a record for the number of ships passing through in 2021, reports Bloomberg. The canal is expected to complete an expansion by the middle of next year.

Further reading

Related articles

Latest news

See all jobs