Ships

The inactive fleet remains largely unchanged at 24 ships for 74,395 teu as at 24 July 2022,which is a historical low level for our data series dating back to 2008. 13 ships for 26,367 teu are idle or awaiting     phase in.  4 ships for 13,981 teu are Iranian owned ships. The idle ships list includes the Dioryx owned 4,398 teu MALIAKOS that have been idle since 26 April as the owners are still holding out for better charterer offers and the 9,403 teu JOSEPH SCHULTE that has been stuck at Odessa

June was a bumper month for new ship deliveries with 19 ships delivered for 124,931 teu in total. 6 ships were delivered in the last week alone, including 3 neo-panamax units that were delivered to CMA CGM, MSC and ONE respectively.

The containership orderbook has reached 29.2% of the existing fleet following the latest series of new ship orders by MSC, CMA CGM and ONE over the past month. This is the highest orderbook ratio since 2010...

The active containership fleet increased slightly over the past week due to the reduction in port congestion, with about 400,000 teu coming out of the congestion queue.

Active fleet steady in past week. More ships entered yards for retrofits, after 2-year delay on the extraordinary earning up cycle.

The active containership fleet rebounded to 15.8m teu, 61% of total fleet, as at 1 May due to the improvement in the port congestion situation in China and the US over the past week, with less ships waiting at anchorages.

PIL has confirmed an order for 4 new ships of 14,400 teu at Jiangnan Shipyard Group on 4 March 2022, its first new ship order since 2015. The 4 ships will be quipped with dual-fuel engines to run on both LNG and low sulphur fuel oil and will be delivered from the 2nd half of 2024 to 1st half 2025. PIL's last ship order was made in 2015 when it ordered 12 ships of 11,923 teu at Yangzijiang. They sold 8 of these ships in 2020 due to financial difficulties, but it has since recovered from its de

SITC has received the first of 21 new containerships due to be delivered to the intra-Asia specialist. The 2,433 teu SITC DECHENG was delivered at Yangzijiang Shipbuilding on 12 January 2022. The SITC DECHENG will join the China Philippines CPX6 serviceThe ship is the first of a series of 4 ships due for delivery in the first half of 2022. In addition to these ships, SITC will receive 10 ships of 1,800 teu and 5 ships of 2,600 teu from Yangzijiang this year, and 2 ships of 1,023 teu from Daesun

MSC is continuing with its vessel retrofit program, with ships of over 20 years being given new leases of life. The 2001 built MSC SINES R completed its retrofit in Gemak Tuzla in August 2021 The 3,430 teu MSC SINES R is a recent addition to the retrofitted fleet, having undergone an extensive renovation at the Turkish Gemak Tuzla shipyard from June to August 2021. 3 of the ship's 4 cranes were removed, and a hybrid SOx scrubber was installed at the same time. The ship was originally built by

Matson has finally sent the 48 year old container/roro ship MATSONIA for scrap. The ship was towed for her final journey on 21 December 2021 from its lay up location in Oakland to Brownsville in Texas where she will be scrapped. MATSONIA is to be towed for its final journey from Oakland to BrownsvilleThe MATSONIA was delivered on 11 December 1973 by Sun Shipbuilding in Chester to Matson. It was the fifth RORO trailership of the Ponce de Leon class built by Sun Shipbuilding and has remained und