![]() ![]() This brings the total for 2012 to 68 vessels with an aggregate tonnage of 423,464 TEU, down sharply from the 1.8 million TEU ordered in 2011 when there was a brief investment surge. ![]() The data also shows that $5.3 billion has been invested in new box ships this year, against $27 billion in 2011 and $55 billion in 2007 before the market collapsed and orders shrank to $1.1 billion in 2009.Įight ships were ordered in November with combined capacity of 64,600 TEU, including five 9,200-TEU vessels. A larger 4,300-TEU ship that would have cost $57 million in late 2011 can now be ordered for $14 million or less.Ĭlarksons' newbuilding price index stands at 73, based on December 1996 prices equalling 100, compared with 91 a year ago and almost 130 in mid-2008 before the banking crisis. The report highlighted a 2,750-TEU gearless vessel would cost around US$30.5 million, down from $38 million at the end of last year and $53 million in 2007. "Since trade growth in the coming years is expected to be rosier on non-mainline routes, the lack of ordering in the small and medium sizes could eventually create a supply deficit of such tonnage," Clarksons said.Ī report by Irish Trucker News noted that the looming capacity squeeze comes regardless of shipyards slashing the price of new containerships to near record lows. New orders for smaller-sized vessels have dried up, and there are concerns the capacity squeeze will slow trade development in some parts of the world, unless ordering resumes.Ĭlarksons highlights that relatively few ships of 3,000 TEU or smaller have been built since 2009 and activity in the mid-range vessels of up to 7,999 TEU has also been light, with ordering constrained by lack of finance. The buying frenzy of recent years has fizzled out and left a bad taste in the mouth as cargo volumes remain weak and the number of idle vessels remains high. ![]() Hyundai Adds Six Vessels To Asia-US RouteĬontainership capacity squeeze looms on non-mainline servicesĬONTAINER shipping companies potentially face a shortage of small- and medium-sized ships in future despite the glut of newbuild ordering in the mega-sized range, warns Clarksons in its latest Container Intelligence Monthly report. Maersk Is Still Confident That P3 Will Gain Regulatory ApprovalĬathay Pacific Pursues Cargo Market With Freighter Order Qatar Airways Launches First Regular Cargo Service London's Stansted To Doh CMA CGM: The Only Shipping Line Calling Buchanan Port In Liberia ![]()
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