Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Categories
    • Categories
    • Africa
    • Air Freight
    • BEE
    • Border Beat
    • COVID-19
    • Crime
    • Customs
    • Domestic
    • Duty Calls
    • Economy
    • Employment
    • Energy/Fuel
    • Events
    • Freight & Trading Weekly
    • Imports and Exports
    • Infrastructure
    • International
    • Logistics
    • Other
    • People
    • Road/Rail Freight
    • Sea Freight
    • Skills & Training
    • Social Development
    • Sustainability
    • Technology
    • Trade/Investment
    • Webinars
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines
International
Sea Freight

Boom time for box ship manufacturing

04 Jul 2023 - by Staff reporter
 Source: KROHNE Peru
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

Linerlytica has released data showing that additional global box capability of 277 873 TEU had been reached in June, establishing a new record for the highest level of new vessel capacity delivered in a single month.

The containerisation intelligence platform cautioned that the total number of new ships delivered in the first six months of the year has now reached 148 units, accounting for 975 344 TEU.

Also, there are still over 1.2 million TEU due in the second half of the year, even after accounting for potential delivery delays.

Predictions indicate that full-year deliveries in 2023 will amount to 2.2 million TEU, surpassing the previous annual delivery record of 1.7 million TEU set in 2015.

This record-breaking level of box ship deliveries is expected to be immediately surpassed in 2024, with Alphaliner forecasting the entry into service of an additional 391 ships, boasting an approximate capacity of 3 million TEU.

In contrast, Linerlytica reports that only 47 ships, amounting to 84 685 TEU, were sent for demolition in the first half of this year. This pace of capacity deletion falls considerably short of the record high of 695 850 TEU removed in 2016.

Over the past three years, container shipping has witnessed an unprecedented surge in orders for box ships, resulting in the current order book standing at approximately eight million TEU.

Data from Clarksons Research reveals that by the end of 2025, the global box fleet is projected to reach 30 million TEU, representing a 15% increase over current levels. The milestone of 20 million TEU was achieved in 2017.

A recent container shipping report from Dutch bank ING has issued a warning, saying that "the tide is turning for container shipping.

“The market is preparing for a substantial influx of new capacity amidst declining demand and resolved congestion.

“This underscores the importance of capacity discipline for container liners. However, achieving this discipline will not be easy due to escalating competitive pressure following years of record profits." SOURCE: Splash 247

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

CMA CGM launches electric river barge

Sea Freight
Technology

The shipping line has pioneered with Nike as its first customer to use the 100% electric vessel.

06 Jun 2025
0 Comments

Zim's anti-smuggling measures delay legitimate freight operations

Border Beat
Crime
Road/Rail Freight
06 Jun 2025
0 Comments

Trump and Xi talk trade for more than an hour

Economy
International
Trade/Investment

Both leaders reportedly agreed to facilitate further face-to-face meetings in the near future.

06 Jun 2025
0 Comments

RTMC platform hits four million transactions

Road/Rail Freight
Technology

Motorists reject waiting in queues and opt for easy online vehicle licence renewal service.

06 Jun 2025
0 Comments

Global ocean economy faces rising risk

Sea Freight

Shipping, tourism, fisheries, and marine energy accounted for 7% of global trade in 2023.

06 Jun 2025
0 Comments

KZN fingered as one of the top cargo theft regions

Logistics
Road/Rail Freight

"South Africa ranks among the top countries globally and leads the African continent in cargo theft."

06 Jun 2025
0 Comments

Crew abandon blazing car carrier

Logistics
Sea Freight
Technology

The vessel was carrying 800 electric and 2 200 internal combustion engine vehicles when the fire broke out.

06 Jun 2025
0 Comments

Emergency transport falls short in Northern Cape

Logistics
Road/Rail Freight

The activist said they had written to Premier Dr Zamani Saul but to no avail.

05 Jun 2025
0 Comments

‘Freight subterfuge’ used by Ukraine’s most brazen attack yet

Logistics
Other
Road/Rail Freight

It entailed the covert transportation of more than 100 small, explosive-laden FPV quadcopters

05 Jun 2025
0 Comments

SA’s poor logistics could worsen soya’s oversupply risks

Imports and Exports
Logistics

Pressure mounts for exports as local market reaches saturation and harvests keep growing.

05 Jun 2025
0 Comments

WWII bomb disposal halts river freight on the Rhine

Logistics

The transport of commodities like grain and industrial cargo was temporarily halted.

05 Jun 2025
0 Comments

Durban continues trolling for private partners

Logistics

At stake, according to ICTSI, is a commitment to invest R12 billion, compared to Maersk’s R9.2 billion.

05 Jun 2025
0 Comments
  • More

FeatureClick to view

Road & Rail 27 June 2025

Border Beat

Forum tightens net against border corruption
25 Jun 2025
Police clamp down on cross-border crime
17 Jun 2025
Zim's anti-smuggling measures delay legitimate freight operations
06 Jun 2025
More

Poll

Has South Africa's ports turned the corner?

Featured Jobs

New

Multi-Modal Controller

Tiger Recruitment
JHB North
27 Jun
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us