Container ships in smooth waters

Our Bureau | Updated on October 23, 2011

Global deliveries of new containerships have surpassed one million TEUs since the beginning of 2011 with 154 vessels delivered and 280,000 TEU more to come by the end of the year, says Alphaliner, the Paris-based consultancy agency, adding, “Non-deliveries due to cancellations, deferrals and slippage have fallen to 8.5 per cent, only twice their long-term historical levels, as the bulk of the delivery deferrals was negotiated in 2009 and 2010, because of the financial crisis.”

Such crisis-driven initiatives, it is felt, are unlikely to be repeated in 2011. Cancellations have been marginal this year with no impact on deliveries scheduled for 2011. Deliveries are expected to hit 1.4 million TEU and 1.8 million TEU in 2012 and 2013, respectively, most capacity coming from ships larger than 7,500 TEU, says the report.

Scrapping and conversions of older box ships since January 2011 have reached 65,000 TEU, with a further 15,000 TEU expected to leave the cellular fleet during the last three months of this year. As a result, the annual net growth rate of the containership fleet in 2011 is expected to reach 8.4 per cent, it is estimated.

Published on October 23, 2011

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