World News
24,000 TEU Ships Predicted in 4-5 Years
Insurer Allianz Global Corporate & Specialty SE (Allianz) predicts that ships as big as 24,000 twenty-foot equivalent units (TEU) will enter the global container fleet within a few years, ShippingWatch reports.
"Capacity grows by around 30 percent every four to five years, meaning the arrival of 24,000 teu carriers can be anticipated around 2018," said Sven Gerhard, Allianz global product leader for Hull & Marine Liabilities.
"A minor incident can really cause a major general average claim on these ships."
"The sheer timescale of getting to the ships and getting the containers off is staggering, in some cases it may take many months or possibly a year or longer if the location is remote."
The analysis was part of Allianz's "Safety & Shipping Review 2014."
The firm also predicts new risks from the use of liquefied natural gas (LNG) bunkers, which it expects to rise "dramatically" in coming years.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.50 | 2.00 | 778.50 | 8.50 |
| Rotterdam | 602.00 | 0.50 | 748.00 | 6.00 |
| Houston | 624.00 | 5.00 | 792.00 | 3.50 |
| Fujairah | 649.50 | 2.00 | 898.00 | 3.00 |
| Global 20 Ports Average | 662.00 | 2.00 | 855.00 | 1.50 |
| Global 4 Ports Average | 631.00 | 1.00 | 804.00 | 0.50 |
| Global Average Bunker Price | 717.50 | 0.50 | 913.50 | 1.00 |
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