Boxship orders predicted to increase in 2018

Container shipping’s delicate supply/demand equilibrium is set to come under renewed pressure this year as a raft of new orders are set to rain in principally from Asian owners.

Alphaliner is predicting orders to increase year-on-year in 2018 with a number of carriers, including Hyundai Merchant Marine (HMM) and Yang Ming, readying contracts with Asian yards while several non-operating owners remain keen to take on newbuilding projects at the current attractive price levels.

This year, Alphaliner anticipates vessel deliveries to increase to 1.49m teu, while deletions, mainly from scrapping, are expected to fall to 350,000 teu. This would push container fleet growth to 5.6% in 2018, compared to a 3.7% growth recorded in 2017.

Alphaliner’s latest weekly report states that total new containership capacity orders surged by 139.5% to reach 671,641 teu in 2017. Nevertheless, the orderbook-to-fleet ratio fell from 15.7% at the end of 2016 to its current value of 12.6%.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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