The orderbook for container ships has fallen by 30 per cent in capacity terms since the start of 2016 and in the first half of this year it totalled less than 40,000 teu, according to Clarkson Research, of London, in its latest report.
With the capacity on order shrinking considerably over recent years, the orderbook stood at 396 units of 2.78mn teu at the start of this July, falling from 515 units of 3.97mn teu at the start of 2016.
The report said: “Container ship fleet growth in the next few years is expected to be relatively moderate, and significantly lower than the 8.1 per cent in 2015.”
With the vast majority of container ship capacity currently on order, scheduled for delivery either in the remainder of this year or next year, the container ship orderbook looks very thin after 2018.
“Starting in July, just 22 container ships of over 12,000 teu, including mega ships, are scheduled for delivery from 2019 onwards. In reality, some vessels currently expected to be delivered in 2017-18 may slip into 2019-20."