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.
Get full access for you and your coworkers.
Start a free company trial todayAlready a member? Log in.
More from ShippingWatch
Ulstein Group reports stronger operating profit for 2020
Norwegian shipyard operator Ulstein Group saw revenue losses of NOK 900 million, yet still managed to improve operating earnings in comparison to 2019, the annual report shows.
Argentine port workers strike for access to Covid-19 vaccines
Nine unions representing Argentine port workers have announced a 24-hour strike in protest against the lack of access to coronavirus vaccines. The strike takes place amidst a new coronavirus outbreak in the country, which is a major dry bulk exporter.
Tradelens hopeful that major Maersk rivals will soon be integrated
Hapag-Lloyd and ONE continues to be absent on the digital platform Tradelens even though they announced they would join two years ago. "We are hopeful that they will be joining very soon," says Head of Tradelens Mike White. Hapag-Lloyd expects to make a decision soon.
Shell jumps aboard Norwegian offshore wind tender
In partnership with power companies BKK and Lyse, oil and gas giant Shell announces its intention to bid for offshore wind development licenses on the Norwegian continental shelf.
Maersk's digital venture Tradelens has embarked on Chinese roll-out
Maersk and IBM's digital venture Tradelens has teamed up with a state-owned Chinese company to commence a roll-out in China and to attract importers and exporters. China is a vital market for the platform, which is expected to deliver revenue growth this year.
Operator (Dry) - Singapore 
Import Sea Manager - LEMAN 
Head of Strategy - Uni-tankers 
Ocean Vessel Operation Manager, Charter & Project - Scan Global Logistics 
IT Architect for customer facing innovation, Aarhus - Bunker Holding Group 
Ship Manager - (Kent), Navis Consulting 
Freight Trader - Copenhagen Merchants 
Captain wanted