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SOME 2.3 million TEU of containership capacity has been delivered, beating the former all-time high by 37 per cent, according to statistics from the Baltic and International Maritime Council (BIMCO), reports Hellenic Shipping News Worldwide.
Year-to-date another record has been set as more than one million TEU has already been delivered during the first four months of the year, an increase of nearly 80 per cent compared to the previous record.
As ship recycling has so far only retired 19 smaller ships, the fleet has expanded by nearly one million TEU, a 3.5 per cent increase compared to the beginning of the year. This adds to last year's fleet growth of 8.2 per cent.
Due to record deliveries the order book has declined. However, as 1.8 million TEU has been contracted during 2023 and 2024, it has only declined by one million TEU and now stands at 6.1 million TEU, 21 per cent of the current fleet size. As a result, the order book's share of the fleet is more than twice the size than it was before Covid.
The order book contains two million TEU for delivery in 2024 and delivery volumes for the year is on target to exceed three million TEU, 30 per cent higher than last year's record. In 2025, deliveries should end just below two million TEU, the third highest deliveries in one year only exceeded in 2023 and 2024.
https://shippingazette.com/
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