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18 carriers have ordered new ships for USD 34 billion

Prospects or hopes of consolidation among the world's 20 largest container carriers remains far away. 18 of the Top 20 have, according to Alphaliner, ordered new ships for more than USD 34 billion since 2009, and there are no signs of exits from the liner market.

Photo: SØLBECK CHRIST

The prospects of a consolidation among the 20 largest carriers have become somewhat muted during the last few years, and there are no immediate signs that any carriers are planning to withdraw or merge with other companies in spite of the extremely difficult conditions of recent years, with low freight rates and significant overcapacity, concludes Alphaliner on Tuesday in light of the carriers' overwhelming newbuilding programs.

Since 2009, 18 of the 20 largest carriers have placed orders for new container ships amounting to 344 ships, corresponding to 3.4 million teu for a total of USD 34.1 billion.

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