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Container ship capacity sees fastest growth in 15 yrs, up 11% in H124
24 July 2024 1:05 PM GMTCapacity is expected to exceed 30 million TEU at the end of third quarter and hit 30.5 million by the end of 2024
Covid wipes off 24.6 million TEU from container market, says BIMCO
17 April 2024 9:20 AM GMT"Whether pent-up demand & global growth above trend can help recover part of lost growth remains to be seen."
Ships above 12,000 TEU drive 100% increase in average ship size
14 March 2024 10:40 AM GMTAverage container ship could be larger than 5,000 TEU at the end of 2025: BIMCO
Cargo volumes in Red Sea area drop 21% due to attacks on ships
27 Feb 2024 1:00 PM GMTContainer ship transits are down by 70% through the Gulf of Aden and the Suez Canal, says BIMCO
Container market grows a modest 0.2% y/y in 2023 as fleet swells
7 Feb 2024 12:47 PM GMTContainer fleet capacity in 2023 increased 8% from 2022 and 21% from 2019
Record deliveries could push container fleet above 30mn TEU in 2024
10 Jan 2024 1:47 PM GMTAnother 83 ships larger than 15,000 TEU expected to be delivered in 2024, doubling capacity in just four years
Container freight rates fall to 2019 levels while costs remain high
7 Dec 2023 11:33 AM GMTContainer volumes have fallen 2% compared to 2022 and are up only 1% compared to 2019
Container ships reach highest avg age on record of 14.2 years
28 Oct 2023 9:24 AM GMTCurrently, 21% of ships in the container fleet are older than 20 years, and thereby prime candidates for recycling
Record high deliveries boost container fleet capacity by 4.3%: BIMCO
11 Aug 2023 5:33 AM GMTDeliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU
Over 15,000 ships could be recycled by 2032: BIMCO
17 May 2023 11:28 AM GMTHistorically, about 50% capacity has been recycled by the time the ships have been 25 years old and 90% by 30-35 years
Order book of 7.54mn TEUs signals significant change: BIMCO
13 April 2023 10:26 AM GMTScheduled deliveries for 2024 and the remainder of 2023 are currently at 5.03 million TEUs
Chinese container rates drop as Lunar New Year cargo rush fails
4 Jan 2023 12:04 PM GMTCargo volumes may recover once businesses have adjusted inventory levels, unlikely to improve supply/demand balance