STATISTICS from Alphaliner show that the global liner vessel fleet has reached 30 million TEU for the first time in history with a TEU tsunami cascading out of yards in Asia this year delivering a record volume of newbuildings.
The pace of growth of the global container fleet is remarkable. It took the industry around 50 years to reach the 5 million TEU mark in 2001. By contrast, the leap from 20 million TEU to 30 million TEU has been achieved in just seven years, according to Singapore's Splash 247.
BIMCO data shows that 478 containerships with a capacity of 3.1 million TEU are scheduled for delivery this year, beating the 2023 record by 41 per cent. The container fleet capacity is expected to grow by 10 per cent in 2024.
The climb from 30 million to 35 million slots is expected to be very fast, as ship orders continue to fly into Asian shipyards, with Splash reporting this week that some of the biggest names in Chinese shipbuilding are now contracting boxship deliveries into the year 2029.
'There are an enormous amount of newbuilding negotiations ongoing,' broker Braemar noted in its latest container markets summary.
Shipyards' global orderbook currently stands at 133 million compensated gross tonnes (cgt), an increase of 56m cgt compared to the orderbook's most recent low in late 2020, according to shipping organisation BIMCO. LNG and containerships accounted for respectively 35 per cent and 30 per cent of the increase.
SeaNews Turkey
The pace of growth of the global container fleet is remarkable. It took the industry around 50 years to reach the 5 million TEU mark in 2001. By contrast, the leap from 20 million TEU to 30 million TEU has been achieved in just seven years, according to Singapore's Splash 247.
BIMCO data shows that 478 containerships with a capacity of 3.1 million TEU are scheduled for delivery this year, beating the 2023 record by 41 per cent. The container fleet capacity is expected to grow by 10 per cent in 2024.
The climb from 30 million to 35 million slots is expected to be very fast, as ship orders continue to fly into Asian shipyards, with Splash reporting this week that some of the biggest names in Chinese shipbuilding are now contracting boxship deliveries into the year 2029.
'There are an enormous amount of newbuilding negotiations ongoing,' broker Braemar noted in its latest container markets summary.
Shipyards' global orderbook currently stands at 133 million compensated gross tonnes (cgt), an increase of 56m cgt compared to the orderbook's most recent low in late 2020, according to shipping organisation BIMCO. LNG and containerships accounted for respectively 35 per cent and 30 per cent of the increase.
SeaNews Turkey