World News
Idle Box Ship Fleet Decreases For First Time Since July
With the idle box fleet sitting at 1.4 million TEU as at the end of November, and seemingly heading for an all time high of 1.5 million twenty-foot equivalent units (TEU) by the end of 2015, Alphaliner in its latest weekly report says the figure has now fallen to 1.33 million TEUs.
The revised figure represents 306 vessels and is the first decrease in the idle fleet since July.
Alphaliner notes that an increase in ships destined for demolition caused the lower idle figures in the larger vessel sizes, as opposed to an increase in demand.
In the past three weeks, seven 4,000-5,000 TEU Panamax ships (one of them only 13 years old, Alphaliner notes) have been sold for scrap, and more sales are expected in the short-term.
The analyst agency also cites "numerous vessels sent for general repairs" as a reason for the downsized figures but adds that ships in planned routine repairs are not included in the idle fleet count.
Alphaliner predicts that prospects for Panamax tonnage "are dim, and an exodus is expected when the new Panama Canal locks open next year."
Earlier this month, an Alphaliner weekly report stated that with the number of idle containerships globally of over 500 teu increased to 329 units, or 1.4 million TEU, at the end of November, the market was now "set to exceed its all-time high of 1.5 million TEU by the end of this year".
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 510.00 | 2.50 | 611.00 | 4.00 |
| Rotterdam | 477.00 | 1.00 | 618.50 | 4.00 |
| Houston | 469.50 | 0.50 | 610.00 | 2.00 |
| Fujairah | 501.50 | 1.50 | 708.50 | 3.50 |
| Global 20 Ports Average | 532.00 | 2.00 | 711.50 | 0.00 |
| Global 4 Ports Average | 489.50 | 0.50 | 637.00 | 0.50 |
| Global Average Bunker Price | 571.00 | 1.00 | 759.00 | 0.50 |
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