SeaIntel: Asia-Europe Capacity to Rise Post-CNY

With the current vessel deployment schedule, Asia-North Europe and Asia-Mediterranean capacity are set to rise by 8.8% and 6.5% post-Chinese New Year period, respectively.

The year-on-year capacity growth is expected to be seen in the week 11-22 post-CNY, SeaIntel Maritime Analysis said, adding that the capacity injection “is not necessarily bad on its own,” if matched by a similar growth in demand.

While demand growth in Asia-Europe is not familiar for the coming 12 weeks, the fiscal year 2017 demand growth was a mere 3.7%, dropping to just 0.7% year-on-year in the fourth quarter.

“In this light, the current capacity projections do seem very optimistic,” SeaIntel informed.

If instead a more modest capacity growth of 5% year-on-year should be targeted, carriers would have to blank a combined 112,000 TEU over the 12-week period, or an average of 9,300 TEU per week. With an average vessel size of 15,100 TEU, this corresponds to the blanking of 7.4 average-sized sailings.

“While we do not see the same level of unprecedented capacity injection on Asia-Mediterranean as on the Asia-North Europe trade lane, at 6.5% year-on-year capacity growth, the average week 11-22 combined capacity in 2018 is still growing rather strongly.”

If a more modest capacity growth of 5% year-on-year should be targeted, carriers would have to blank a combined 25,000 TEU over the coming 12-week period, or an average of a little more than 2,000 TEU per week.

With an average vessel size of 11,200 TEU, this corresponds to the blanking of 2.2 average-sized sailings.

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2019 >>
MTWTFSS
29 30 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 31 1 2

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >