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Container order book hits record high of 7.54 million TEU

Thứ 4,12/07/2023

Administrator

442

Administrator, 12/07/2023

442

In this week’s Shipping Number of the Week, BIMCO looks at the container order book and notices significant change.

In his assessment, Niels Rasmussen, Chief Shipping Analyst at BIMCO stated that despite the collapse in freight rates, shipowners still have an appetite for new container ship orders and the order book has continued to grow. The record high order book of 7.54 million TEU will result in significant changes to the container fleet in the coming years.

During the last 10 quarters, 8.61 million TEU has been contracted, matching the level contracted during the preceding 30 quarters. The order book has now increased for ten straight quarters, reaching a new record high in each of the last four quarters, and at 7.54 million TEU it now equals 28.9% of the existing fleet.

“The large order book will result in significant fleet growth. Scheduled deliveries for 2024 and the remainder of 2023 are currently at 5.03 million TEU. We estimate that recycling will hit nearly 1 million TEU during that period and the fleet could therefore soon exceed 30 million TEU for the first time; up 16% compared to today” said Niels Rasmussen.

Source: safety4sea.com

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