May 09, 2024
The giant containership orderbook – equivalent to the extant fleets of Cosco, Hapag-Lloyd, Evergreen and Ocean Network Express (ONE) combined – is setting all manner of new records.
According to brokers Braemar ACM, as of May 1 this year the capacity on order as a percentage of the fleet has breached 30%, with 7.5m teu of capacity now on order.
The teu capacity on order is the highest ever recorded, according to Braemar ACM, and combined with record LNG orders over the past year helps explain why dry bulk and tanker owners are struggling to source prompt delivery slots at Asian yards at the moment. The last time that containership capacity on order represented 30% of the trading fleet was back in late 2011
