SHIPYARDS in Asia may come under greater pressure to postpone the delivery of newbuild mega containerships that are scheduled to take to the high seas before the end of June, until the second half of 2018 or perhaps even as late as 2019.
That's the view expressed by ClipperMaritime consultant Neil Dekker during a presentation to unveil the transportation and analytics division of New York-based ClipperData in London, reported London's Loadstar.
Both Cosco and Yang Ming have postponed the delivery of ultra large container vessels (ULCV) from this year until 2019. Indeed, Cosco will now only receive half of the 14,000+ TEU vessels planned for this year.
Mr Dekker said that although it would very much depend on the individual contracts, he believes shipping lines could wield their immense buying power to persuade embattled yards to delay deliveries.
He added that pushing back the deliveries would greatly improve carriers' cashflow since they would be able to defer their commitment to make final stage payments, which could be as much as 25 per cent of the total cost, into the next financial year.
The three alliances are scheduled to receive 32 ULCVs of 15,000 TEU and above between now and the end of June which would add between 1.2 million and 1.3 million TEU to the global fleet.
Eighteen of the newbuild ULCVs are due to be received by members of the Ocean Alliance, with 11 of them scheduled for delivery in the first quarter and the other seven are expected to arrive in the second quarter.
As for 2M partners Maersk Line and MSC, they are due to receive four ULCVs and THE Alliance members expect just three in the first half of this year.
Analysts have warned that if left unchecked the deliveries would 'exert genuine pressure on market fundamentals' and result in a 'potentially ruinous' cascade of 10,000-13,000 TEU into the secondary trade.
SHIPBUILDING
26 January 2018 - 19:06
Update: 29 January 2018 - 00:58
Carriers said to be forcing yards to postpone new ship deliveries
SHIPYARDS in Asia may come under greater pressure to postpone the delivery of newbuild mega containerships that are scheduled to take to the high seas before the end of June, until the second half of 2018 or perhaps even as late as 2019
SHIPBUILDING
26 January 2018 - 19:06
Update: 29 January 2018 - 00:58
This news 2917 hits received.
EDITOR
SEANEWS TURKEY MARITIME NEWS FROM THE WORLD AND TURKEY
These news may also interest you