Alphaliner: Boxship Additions Twice as High as Scrapping Forecast

The large number of very large container ships (VLCS) and ultra large container ships (ULCS) due to be delivered in 2017 is projected to be twice as high as 0.75 million TEU containership scrapping forecast for the year, according to Alphaliner.

The overall delivery figure for the year stands at 1.69 million TEU, and even accounting for a potential slippage of about 250,000 TEU, the projected capacity additions would still reach 1.44 million TEU.

Additionally, Alphaliner believes that the scrapping forecast could reach 3.4% this year.

“The relatively high fleet growth rate, compared to the low 1.5% growth rate recorded in 2016 when only 0.93 million TEU were delivered, will prolong the overcapacity and further delay the recovery in the container shipping market,” Alphaliner said, adding that the new ships will also boost the idle ship pool, which currently stands at 1.4 million TEU.

Furthermore, forced cascading, triggered by the incessant flow of ULCS newbuildings, is expected to continue creating havoc among smaller ship sizes, hampering any substantial rise in boxship charter rates.

Although weak market conditions could force owners to further delay the deliveries of some of these ships, this is unlikely to result in a significant increase in slippage numbers above Alphaliner’s current forecasts. Of the 1.67 million TEU due this year, some 78% is concentrated on ships above 10,000 TEU. In total, 55%, around 0.92 million TEU, is distributed on 54 vessels of 14,000-21,000 TEU.

Most of these 54 units are already earmarked for deployment on East-West services, including those to be launched from April 2017 within the new Alliances framework, and are therefore expected to be delivered on schedule.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2018 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >