Posted on 02/23/2023 4:06:44 PM PST by george76
Orderbook ‘sword of Damocles’ will soon hit container market..
Here it comes. An unprecedented flood of new container ships is about to enter service. The pace of deliveries will pick up in earnest next month, surge much higher in the second quarter, go higher still in the second half, even higher throughout 2024, and stay strong in 2025.
“The colossal orderbook is like a sword of Damocles hanging over the market, with a raft of new ship deliveries in the next months inevitably triggering a return of overcapacity,”
...
Maritime Strategies International (MSI) estimates that deliveries will total 717,900 twenty-foot equivalent units in Q2 2023, up 62% sequentially from the current quarter, with deliveries rising to 764,800 TEUs in Q3 2023.
Mainline vessel deliveries per carrier The overall orderbook stood at 7.69 million TEUs as of Feb. 1, just under 30% of the on-the-water fleet capacity, according to Alphaliner.
Of the total, 2.48 million TEUs (32%) was set for delivery this year, 2.95 million TEUs (38%) next year, and 2.26 million TEUs (30%) thereafter.
...
The stats show 89 new mainline vessels for delivery in the remainder of 2023, followed by 130 next year and 96 in 2025, for a total of 315 over the next three years. (Including newbuildings for non-mainline trades — i.e., smaller ships, intra-Asia ships, feeder vessels
...
Mediterranean Shipping Co. (MSC), the world’s largest ocean carrier, is taking delivery of by far the most mainline capacity through 2025. It has 92 such vessels in the pipeline, including 33 in the remainder of this year.
CMA CGM has the second-most mainline vessel orders, at 38, most for delivery next year. Cosco (including OOCL) has the third-highest tally at 32. OOCL held a naming ceremony for its newest ship, the 24,188-TEU OOCL Spain, at China’s NACKS shipyard on Feb. 16.
...
Mainline vessel deliveries by size Alphaliner also looked at the size categories of these newbuildings, dividing them into three categories: “Megamaxes,” with capacity of 23,000-24,000 TEUs, vessels that will be deployed in the Asia-Europe trade; “Neopanamaxes,” ships with capacity of 13,000-15,000 TEUs that can transit the Panama Canal; and other mainline vessels, with capacity of 7,000 TEUs-plus. Deliveries of Neopanamaxes and other mainline vessels will impact the U.S. ocean freight market.
Neopanamaxes are by far the largest category, representing 60% of the total mainline newbuildings to be delivered through 2025. Megamaxes account for 23% and other mainline newbuildings 17%.
MSC is heavily focused on more flexible Neopanamaxes. They represent 62% of its mainline vessel deliveries through 2025,
What does this mean to the average Joe?
With all this transportin’ going on, Chasten will have to get a foot long while Petey is out there workin’ his buns off.
Just in time for all of those empty containers.
“What does this mean to the average Joe?”
That China now OWNS us, and the rest of the West.
Relevant to my interests
who cares?
The timing is off for these huge container ships. With world-wide inflation, and other severe problems, consumers will stop consuming...except for vital goods.
What does this mean to the average Joe?
/\
Ships made in CCP ?
Depends , how many are roro’s ?
( roll on roll off )
Think ‘ normandy’.
And hopefully none will be picking up and delivering products from China. I am curious to see how quickly we cut down commerce to and from China if facilities with Taiwan or others take place, we’ve already folded with Russia, allies, India, and China in regards to the Ukraine, will we continue directly doing business with China while our soldiers are in harms way?
Can these ships be used to transport military hardware and/or troops?
What does this mean to the average Joe?
“who cares?”
The Neocons now care. This week they tried to threaten China to not send Russia weapons and Russia told them to STUFF IT. That’s what happens when you’re owned.
It means a lot of older ships will be scrapped to pay for the new ones.
The Chi-Commies have just built an invasion fleet disguised as container ships but filled with Helium tanks to launch a chaff of balloons pre-strike before they invade Texas, California, Seattle, and New Jersey simultaneously
I've bought Bob Evans family size mashed potatoes, and fresh-cut Simply Potatoes shredded hash browns at my local Price Chopper store that all had use by dates a month or two in the future, yet got them home to find mold on them. Simply Potatoes is produced by Bob Evans as well. I stopped buying Walmart's brand of fat-free coffee creamer, because it would go bad in my fridge a few weeks before the use by date. With the amount of money they are charging for food items these days, you have to be very careful, and check everything before throwing it in your basket.
Bingo!
Plausibly, the impending glut of container ships offer the US and her maritime allies that chance to bolster their sea lift capacity and develop new naval auxiliary vessels quickly and cheaply.
Very likely more efficient, replacing aging vessels.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.