Global orderbook-to-fleet ratio falls to 10%, lowest level since 1999

Global orderbook-to-fleet ratio falls to 10%, lowest level since 1999

The global shipping newbuild vessel orderbook-to-fleet ratio has fallen back to 10%, its lowest level since the end of the 20th century, according to data from Singapore transport analysts, Crucial Perspective.

Cruiseships, LNG carriers and drillships have the highest newbuild vessel order backlogs relative to their existing fleets.

There are nearly 95,000 existing vessels in the world today plus another 3,500 on order, amounting to 10% of the global existing shipping capacity. This ratio has not been seen since 1999-2000 in the aftermath of the Asian financial crisis.

Crucial Perspective was founded by Corrine Png who was head of Asia Pacific transportation research at JP Morgan from 2008 to 2016. 

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.

Related Posts

2 Comments

  1. James Phillips
    February 22, 2018 at 7:56 pm

    95,000 = global fleet, 3,500 = order book @ 10%?
    What am I missing here please?

  2. Sam Chambers
    Sam Chambers
    February 22, 2018 at 9:43 pm

    I believe it is in terms of capacity not number of vessels, James — ie ships on order today tend to be a lot larger