ShippingWatch

SeaIntel: Explosive container growth in 2014

A total of 61 new ultra large ships of more than 10,000 teu will hit the water in 2014. The situation could lead to chaos.

Photo: SØLBECK CHRIST

61 giant container ships of more than 10,000 teu all in all will be delivered from the shipyards in 2014, and unless the shipping companies cancel their services and sailings, the total capacity between Asia and Europe will grow by a whopping 13 percent in the 4th quarter 2014, concludes SeaIntel in a new analysis in its weekly newsletter, the Sunday Spotlight, in which the analysts also air expectations that this development will put the rates under renewed, massive pressure.

So far, there is not much to indicate that the market conditions will develop positively anytime soon. Demand has been low throughout all 2013 due to the critical financial situation in the Southern European countries and the weak growth in Northern Europe.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
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

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs