Global container ship capacity expected to exceed 20 million TEU in June
According to the Baltic International Shipping Association, the total capacity of container ships may exceed 20 million TEU next month.
At the end of 2015, the total shipping capacity of container ships was 19.7 million TEU. Peter Sand, chief shipping analyst at BIMCO, said that the growth rate of global fleet capacity will be at a low level of 3.4% this year, with a net increase of 680,000 cases throughout the year, but it will still exceed the 20 million mark in June. The contradiction between supply and demand of transportation capacity is still prominent, and the current global total container demand growth is only 1-2%.
Over the past decade, as liner companies have grown larger, total container ship capacity has increased by 240%. From 2011 to 2016, the growth of 12000TEU and above ships accounted for 45% of the total market growth.
Sands commented: "Since 2006, the volume of containers has increased at a rate of 9% per year, which corresponds to an increase in the number of vessels of only 3.7% per year. Although the market share of very large container ships is growing rapidly, 8000-12000TEU's super Panama "Ships are still the most popular type, accounting for about a quarter of the total capacity of the container fleet."