44% of New Global Containership Orders Aimed at Fleet Replacement

Home Insights 44% of New Global Containership Orders Aimed at Fleet Replacement

October 9, 2024

The global containership orderbook has reached a record high, with 44% of the new vessels expected to replace ageing fleets, especially those 20 years or older. Maersk has been slower than its competitors in renewing its fleet but plans a renewal program for the next five years. This surge in orders, particularly in China, has also reduced available capacity for other ship types, such as tankers and bulk carriers. The global container fleet now exceeds 30 million TEU for the first time.

💡 Insights:

• Long-Term Growth Opportunity: With 44% of the record-high containership orders set for fleet replacement, investors can anticipate a more efficient global shipping network, driving long-term growth and improved profitability.

• Increased Demand for Newer Vessels: As older vessels are phased out, investors might benefit from rising demand for newer, eco-friendly ships, potentially boosting asset values and charter rates.

• Capacity Constraints in Other Sectors: The focus on container ships could lead to tighter capacity in other shipping segments like tankers and bulk carriers, offering potential diversification opportunities for investors.

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