Fleet growth in the coming years will not reach the almost galloping investment frenzy that characterized the years from 1980 to the mid 00's. Still, there will be a need for new ships in the major container carriers' fleets. Ships that will cost the carriers billions of dollars. And the carriers may not have these necessary funds, says SeaIntel in a new analysis of the container market.
We are currently seeing orders for giant ships that are joining the major alliances' fleets, where they are competing fiercely on parameters such as schedule reliability, speed, and fuel consumption. 5,000 container ships are currently in the water, while another 500 are in the pipeline. In 25 years, however, all of these vessels will have been scrapped, as 25 years is the average lifespan for a container ship, says SeaIntel.