Indian Transport & Logistics

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Container market grows a modest 0.2% y/y in 2023 as fleet swells

7 Feb 2024 12:47 PM GMT
Container 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 GMT
Another 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 GMT
Container 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 GMT
Currently, 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 GMT
Deliveries 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 GMT
Historically, 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 GMT
Scheduled 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 GMT
Cargo volumes may recover once businesses have adjusted inventory levels, unlikely to improve supply/demand balance

Container volumes to end nearly 4% down in 2022: BIMCO

8 Dec 2022 4:30 AM GMT
2023 likely to see beginning of new normal rather than reverse of recent weakening of supply/demand balance

September head-haul volumes down 15.5% YoY: BIMCO

9 Nov 2022 1:32 PM GMT
Volumes into North America, which led surge in volumes during Covid, saw drop of -20.6% y/y.

Head-haul, regional container trade decline in July: BIMCO

16 Sep 2022 11:30 AM GMT
Recently released volume statistics indicate that there may be no peak season in 2022.

SCFI, CCFI down sharply but way above pre-Covid levels: BIMCO

13 Sep 2022 6:00 AM GMT
Expecting a certain degree of “normalisation” during 2023 with much less congestion and reduced vessel delays.
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