Global box fleet to expand in 2020 by 3.5pc to 24.05 million TEU
THE container shipping fleet will grow 3
THE container shipping fleet will grow 3.5 per cent from 23.23 million TEU to reach 24.05 million TEU this year, according to Paris-based Alphaliner.
Growth will be driven by deliveries of 1.14 million TEU of new ships this year, with only minimal slippage expected, reported New York's FreightWaves.
'Most of the larger vessels newbuildings will likely be delivered on schedule and delays are only expected for some of the smaller tonnage aimed at the domestic trades. Scrapping and other deletions are expected to reach 300,000 TEU this year, an increase from the 207,500 TEU recorded in 2019,' reported Alphaliner.
While the scrapping rate is expected to remain slow in the first half of the year, the pace is forecast to pick up in the second half.
'The scrubber retrofit wave, which had taken more than one million TEU out of circulation at the end of 2019, is expected to continue through the first half,' reported the analyst.
'It will gradually subside in the second half of 2020, as more ships complete their retrofit programmes.
'The vessels' return to service will eventually see some older and less efficient ships sent to the scrapyards,' Alphaliner said.