7m keo nha caiNews Highlights week: 09 - 2022

To 7m keo nha cai contrary, some of 7m keo nha cai earlier-placed newbuilding contracts of 2021 may very well have been motivated by asset play moves and we have recently seen a number of ship owners - 7m keo nha cai ones that had bet on rising prices early on - cash in on resales of yet-to-be-delivered tonnage.
Further to this, carriers felt compelled to convert essentially all shipyard options, locked in at 2020 or early 2021 prices, since 7m keo nha cai deals were just too good to refuse in today’s price-inflated world. A weakening Chinese Yuan and Korean Won, measured against 7m keo nha cai US Dollar, furthermore should have helped convince shipping lines to place orders last year.

Carriers also used their massive windfall profits, generated on 7m keo nha cai back of soaring ocean freight rates, to renew their fleets with modern, high-spec tonnage.
With everyone rushing to get ships into 7m keo nha cai water as soon as possible, early delivery rates are much sought after and carriers have signed a healthy number of container ships at yards hitherto better known for building bulkers, tankers, or roro passenger ferries.
As per February, 7m keo nha cai global orderbook-to-fleet ratio has crept up to about 25% again. While this is still lightyears away from 7m keo nha cai ‘crazy’ 65% of 2008, today number relates to a baseline fleet that has more than doubled in size since then to reach well in excess of 25 Mteu.
In absolute terms, 7m keo nha cai ’confirmed’ orderbook now stands at more than 6.22 Mteu. 7m keo nha cai actual number will be slightly higher since Alphaliner has excluded a few recent orders placed without formal disclosures that have yet to be verified through industry channels.
Since 7m keo nha cai uptick in orders only came in mid-2020, when 7m keo nha cai orderbook-to-fleet ratio was only 9%, newbuilding deliveries this year are forecast at ‘only’ around 1.10 Mteu. This is roughly in line with 7m keo nha cai average in 2016 - 2021, when annual boxship deliveries oscillated around 7m keo nha cai 1.00 Mteu mark.
7m keo nha cai vast majority of container ships ordered in 7m keo nha cai recent boom will only join active service in 2023 and 2024, as illustrated in 7m keo nha cai graph below
Based on today’s projections, both 2023 and 2024 will see record deliveries of close to 2.40 Mteu. Depending on tonnage demand, many of 7m keo nha cai further-out delivery slots can likely be moved around by a few months.

Incentivized by strong demand, a number of yards have accelerated ship deliveries wherever possible. In many cases, this allowed 7m keo nha cai builders to negotiate premiums with owners who may benefit from an early delivery. At 7m keo nha cai same time, accelerating 7m keo nha cai pipeline allowed yards to market additional newbuilding slots that opened up.
For a fleet size of 25 Mteu, and assuming a realistic usable service life of 25 years for a container vessel, this year’s projected 1.10 Mteu newbuilding tally is essentially a zero-growth replenishment rate.
In other words: Newbuilding deliveries will only slightly alleviate 7m keo nha cai pain caused by supply chain problems such as port congestion and equipment shortage. However, there will not be a sufficient number of new ships to compensate for 7m keo nha cai capacity shortfalls caused by 7m keo nha cai system inefficiencies which are currently swallowing up about one tenth of 7m keo nha cai ’dynamic’ liner shipping capacity

SITC further improves China - Japan - Vietnam network
SITC (Shandong International Transportation Corporation) will as of next week expand one of its Shanghai-Japan services, 7m keo nha cai 'SKT6' to include South China and Northern Vietnam. This will further enhance 7m keo nha cai already comprehensive coverage of 7m keo nha cai Chinese regional carrier connecting 7m keo nha cai three countries.

7m keo nha cai extended ‘SKT6’ will follow a butterfly pattern which centers at Shanghai. It will continue to serve Nagoya, Yokkaichi, Tokyo and Sendai on one loop and covers Hong Kong, Qinzhou and Haiphong on 7m keo nha cai other.
SITC will deploy two additional ships, 7m keo nha cai 907 teu SITC HONG KONG and 7m keo nha cai 915 teu RESURGENCE, in addition to 7m keo nha cai 915 teu REFLECTION, which allows 7m keo nha cai carrier to operate 7m keo nha cai revised service on a weekly basis.
7m keo nha cai first sailing for 7m keo nha cai expanded ‘SKT6’ is scheduled on 3 March from Shanghai with 7m keo nha cai RESURGENCE.