{"id":68471,"date":"2017-05-18T07:59:07","date_gmt":"2017-05-18T07:59:07","guid":{"rendered":"https:\/\/splash247.com\/?p=68471"},"modified":"2017-05-18T08:02:28","modified_gmt":"2017-05-18T08:02:28","slug":"boxship-overcapacity-means-record-low-orderbook-ratio-is-irrelevant","status":"publish","type":"post","link":"https:\/\/splash247.com\/boxship-overcapacity-means-record-low-orderbook-ratio-is-irrelevant\/","title":{"rendered":"Boxship overcapacity means record low orderbook ratio is &#8216;irrelevant&#8217;"},"content":{"rendered":"<p>News carried on this site yesterday that the containership orderbook has hit a record low as a ratio to the extant fleet has been deemed irrelevant by a leading shipping analyst.<\/p>\n<p>As of May 1, the orderbook stood at just 14.1% of the extant fleet, according to data from <em>Alphaliner<\/em>.<\/p>\n<p>However, Peter Sand, Bimco\u2019s chief shipping analyst, has told <em>Splash<\/em> that this metric is not important. \u201cThe ratio is not a relevant measure,\u201d he said. The fact that there is still 3m teu on order was deemed by Sand as far more important for the health of the liner sector.&nbsp;<\/p>\n<p>\u201cOvercapacity remains significant. It is important to keep new orders very low,\u201d Sand told <em>Splash<\/em>.<\/p>\n<p>Bimco\u2019s most recent container market view, issued at the end of last month, suggests the containership fleet will grow by 2.9% in 2017, under the assumptions that 450,000 teu will be demolished and 1m teu will be delivered.<\/p>\n<p>Sand has just signed up to become a regular contributor to <em>Splash<\/em> and our sister title, <em>Maritime CEO<\/em> magazine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>News carried on this site yesterday that the containership orderbook has hit a record low as a ratio to the extant fleet has been deemed irrelevant by a leading shipping analyst. As of May 1, the orderbook stood at just 14.1% of the extant fleet, according to data from Alphaliner. However, Peter Sand, Bimco\u2019s chief &hellip;<\/p>\n","protected":false},"author":3,"featured_media":848,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[56],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Boxship overcapacity means record low orderbook ratio is &#039;irrelevant&#039; - Splash247<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/splash247.com\/boxship-overcapacity-means-record-low-orderbook-ratio-is-irrelevant\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boxship overcapacity means record low orderbook ratio is &#039;irrelevant&#039; - Splash247\" \/>\n<meta property=\"og:description\" content=\"News carried on this site yesterday that the containership orderbook has hit a record low as a ratio to the extant fleet has been deemed irrelevant by a leading shipping analyst. As of May 1, the orderbook stood at just 14.1% of the extant fleet, according to data from Alphaliner. 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