In its weekly newsletter, Alphaliner said that the global boxship fleet hit 21 million TEU on November 2, having crossed the 20 million TEU mark some 22 months earlier. This shows a marked slowing in overall fleet capacity growth, which averaged 1 million TEU every 12-13 months between 2000 and 2015.
Increased scrapping in the period from August 2016 and February this year largely accounted for the slower growth with the fleet actually contracting slightly during in this period. Between August 2016 and February 2017 some 501,000 TEU of tonnage was scrapped compared to just 430,000 TEU of new tonnage added, reported the Seatrade Maritime News of Colchester, UK.
Growth though as resumed apace since March this year with some 930,000 TEU of capacity delivered and just 230,000 TEU scrapped.
The 22 million TEU mark for the global fleet is expected to be reached in a much shorter timeframe than the 21 million TEU level.
"The faster pace is expected to continue with the global fleet expected to breach 22 million TEU within the next 12 months due to the planned deliveries of over 80 ships of 10,000-21,000 TEU during the coming year, while scrapping activity is expected to remain subdued," Alphaliner said.