Container ship orderbook seen crossing 10 m TEU

Vessel orders for the cellular fleet, currently standing at 9.95 million TEU, will crash through the symbolic 10 million TEU milestone with another significant order. According to Alphaliner, the orderbook is already at historic highs, having smashed the previous record of 7.12 million TEU, set in 2008, when orders reached a heady 7.19 million TEU in 2022. Since mid-2024, carriers and non-operating owners have contracted close to 600 additional newbuildings. Subtracting some failed orders from that number and subtracting the numerous ships that have entered service since mid-2024 equals a net orderbook addition of around 2.80 million TEU, pushing the global container vessel pipeline to 10 million TEU. The orderbook-to-fleet ratio now stands at 30.4%. Despite a rapidly growing fleet, shipping lines still struggle to fill all the empty sailing slots in their schedules, and many services are short of tonnage. Therefore, charter rates, secondhand asset prices and market sentiment remain high, as per a report.

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