"When the world’s shipyards deliver just a few more container ships, the global fleet capacity will for the first time reach 34 million TEU. At that time, the fleet will have grown
"When the world’s shipyards deliver just a few more container ships, the global fleet capacity will for the first time reach 34 million TEU. At that time, the fleet will have grown by 10 million TEU - or 42% - in just five and a half years,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.
At the beginning of September, global container fleet capacity was just 8,000 TEU below the 34 million TEU mark. The milestone will therefore be reached after only a few of the 46 ships (totalling 286,000 TEU) scheduled for September delivery enter into service.
The addition of 10 million TEU in just five and a half years is also a record. In comparison, when 10 million TEU were added to increase fleet capacity from 14 million to 24 million TEU it took slightly more than ten and a half years.
“The growth we have seen reflects a combination of record-high new ship deliveries and remarkably low ship recycling activity. Less than 300,000 TEU have been recycled over the last five and a half years. The last time recycling activity was this low during the same time frame was between early 2004 and mid-2009 when the fleet
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