Massive wave of new container ships: 2023-24 deliveries to crack record

“A huge number of new large container ships are going to hit the water at a time of stagnating demand,” warned Alphaliner in a report on Tuesday. “The market could struggle to absorb all these new ships.”

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The containership order book now stands at 7.1 million twenty-foot equivalent units, according to Alphaliner shipping analyst Stefan Verberckmoes. The previous peak was 6.6 million TEUs in 2008. At that point, tonnage on order totaled 60% of the capacity of the on-the-water fleet. In general, Drewry voiced optimism that the carriers could use various strategies to avoid a wipeout when the tidal wave of newbuilds hits.

Shipping lines are “entering a period of managed decline,” it said. “Following consolidation and alliance restructuring, carriers are better placed now to tackle the ‘danger’ years than ever before” and to “pull the right capacity levers to ensure a soft landing for the market.”

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#Logistics #Transportation #3PL #Warehousing #Trucking #containerships

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