Record high deliveries boost container fleet capacity by 4.3%: BIMCO

Deliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU. Based on current estimated delivery dates, a total of 2.4, 2.9, and 1.9 million TEU are expected to be delivered in 2023, 2024 and 2025.

The increase in fleet capacity comes at a time when current trade growth in many key regions is declining and global economy growth prospects for the coming years are weakening. Fortunately, the head-haul and regional trade lanes improved in the second quarter as volumes fell 2% YoY and were 5.3% higher than in 2019.

Future supply growth may be tempered by reduced sailing speeds but further fleet capacity growth of about 15% in the coming year and a half underlines how supply side growth will remain a challenge for ship owners and operators: Niels Rasmussen, BIMCO

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