World News
Global Boxship Orderbook Expands to Record High
The amount of container ship capacity on order has reached a record high.
A total of 7.8 million TEU of boxship capacity is now on order, shipping intelligence service Alphaliner said in its weekly note on Wednesday, the highest level in the industry's history.
The figure is equivalent to almost 29% of current total capacity in the global fleet.
187 ships were ordered in total in the first nine months of the year.
"There are two obvious reasons why ordering continues at such as massive scale," Alphaliner said in the report.
"Firstly, most carriers are still sitting on large amounts of cash after having made record profits in the wake of the COVID-19 pandemic.
"Secondly, and more importantly, it is the desire to decarbonize liner shipping that drives the ordering frenzy."
Ships capable of running on methanol represent 52% of the new capacity ordered this year, while those capable of running on LNG represent 31% of the capacity orders.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 21CTI-Maritec reports on undeclared quantities of cashew nut shell liquid found in VLSFO samples from Rotterdam and Singapore.