World News
Container Supply Growth is Slowing
The rate of growth in the capacity of the global container fleet is slowing, a report by the Baltic and International Maritime Council (BIMCO) has said.
Growth peaked at 9.7 percent in 2010, and BIMCO expects 2012's forecast growth of 7.2 percent to drop to 7.0 percent next year.
A key factor in the trend is the the holding back of new orders, it said, with the 46 new orders placed by the container shipping segment during 2012 putting it on track to be the lowest level on record.
Most of those orders were placed in the last three months.
Year-to-date net growth is currently at 5.1 percent, with just over 1 million twenty-foot equivalent units (TEUs) having been added.
216,000 TEU of capacity has left the fleet through the scrapping of 118 smaller tonnage ships with an average age of 25 years.
BIMCO said that of the new vessels delivered, 44 had a capacity of over 10,000 TEU, while 37 containerships had less than 2,000 TEU capacity.
As of September 24, 2012, the report said some 550,000 TEU, or 3.4 percent of the fleet, stood idle, up almost 31 percent from around 420,000 TEU in May.
Despite slowing growth, 2013 is tipped to biggest year ever for containership deliveries, which will include 48 ships with an average capacity of over 13,500 TEU.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 625.00 | 9.00 | 732.00 | 15.00 |
| Rotterdam | 577.50 | 3.50 | 739.50 | 1.00 |
| Houston | 595.00 | 0.50 | 767.00 | 4.50 |
| Fujairah | 628.50 | 4.00 | 878.50 | 11.00 |
| Global 20 Ports Average | 645.50 | 0.50 | 827.00 | 5.00 |
| Global 4 Ports Average | 606.50 | 0.50 | 779.50 | 0.50 |
| Global Average Bunker Price | 703.50 | 4.00 | 886.00 | 6.00 |
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