Alphaliner says container shipping capacity to grow 3.5% this year

According to a report by alphaliner.com, the global container fleet is expected to grow considerably in 2020. Estimates are for a 3.5% increase in capacity this year compared to the previous year, taking the global fleet to 24.05 million TEUs. The biggest driver in that growth will be the addition of new vessels to come on-stream which will represent 1.14 million TEUs. Most of the larger, newly built vessels are likely to be delivered on schedule, with delays expected only on smaller vessels intended for intra-regional cargo transportation.

Scrap is expected to reach 300,000 TEUs this year, up from 207,500 TEUs in 2019. Whilst the scrap rate is expected to remain slow in the first half of the year, it should increase in the second half.

According to the study, shipping companies will have to manage their fleet growth carefully to avoid adding too much capacity to the market this year. Amongst the major shipping lines, MSC and Maersk have the largest number of vessels that are currently being modernized with purifiers, whilst HMM, CMA CGM and Evergreen will introduce the largest number of new vessels this year.

Source: Alphaliner

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