Search results for: overcapacity

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  • 29 July 2013
    Business & Finance

    As the container shipping industry recuperates from a challenging market environment, concerns still abound over the looming overcapacity as more new vessels are expected to come on stream in the next two to three years. CMA CGM group senior vice-president for Asia Europe lines Nicolas Sartini told StarBiz that the two main markets in the […]

  • 23 September 2015
    Business & Finance

    This year’s idle container ship fleet of above 500 TEUs has fallen to the lowest level recorded since 2011 but there is still a significant amount of hidden excess capacity, according to Alphaliner. The 500 TEU+ idle container ship fleet averaged only 310,000 TEUs for the first nine months of 2015, or 1.6% of the total cellular fleet. […]

  • 23 September 2015
    Business & Finance

    This year’s idle container ship fleet of above 500 TEUs has fallen to the lowest level recorded since 2011 but there is still a significant amount of hidden excess capacity, according to Alphaliner. The 500 TEU+ idle container ship fleet averaged only 310,000 TEUs for the first nine months of 2015, or 1.6% of the total cellular fleet. […]

  • 9 October 2015
    Business & Finance

    Slowing global trade and a bloated orderbook of large vessel capacity mean that container shipping is set for another three years of overcapacity and financial pain, according to the latest Container Forecaster report published by global shipping consultancy Drewry. The recent slowdown in world trade has forced Drewry to halve its forecast for container shipping […]

  • 5 December 2016

    The number of idle containerships increased from 238 vessels with a combined capacity of about 900,000 TEU in November last year to 435 ships, aggregating 1.7 million TEU in early November of this year, representing a strong indication of the current overcapacity, according to shipping consultancy Drewry. Parked in various harbours around the world and awaiting […]

  • 6 February 2013

    The maritime sector has been hit hard in recent years. Increasing costs and decreasing earnings have squeezed cash flows, and continue to do so. Since 2008, the world fleet has grown by 37%, whilst world demand volumes increased only 9%. As a result, the already existing overcapacity in the shipping market has been growing, instead […]

  • 18 February 2014

    In order to tackle overcapacity in affected industries and pursue growth, China’s Industry and Information Technology Ministry (MIIT) has released new measures for its ailing sectors. China will ban new projects in steel, cement, electrolytic aluminum, flat glass and shipbuilding industries before 2017, while gradually eliminating existing projects that were found to be below standards, MIIT […]

  • 5 July 2007

    Signs are emerging of the plethoric capacity of China’s shipbuilding sector amid booming global demand for new vessels. Shipbuilding capacity in the country will exceed 40 million deadweight tons a year in 2010 if new shipyards planned by investors are completed, according to data from China Association of National Shipbuilding Industry.

  • 7 July 2015
    Business & Finance

    A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according to global shipping consultancy Drewry. Drewry’s forecast that container shipping carriers might record profits of up to USD 8 billion in 2015, has been revised, as the consultancy believes that they should be lucky to […]

  • 12 February 2013
    Business & Finance

    Drewry’s latest Tanker Forecaster report shows that another tough year is on the horizon for tanker owners as the market continues to struggle under the pressure of overcapacity. Global oil consumption only managed a timid growth in the fourth quarter of 2012, with global crude oil loadings increasing by 0.6%. OECD consumption shrank by 1.0%, […]

  • 9 October 2015
    Business & Finance

    Slowing global trade and a bloated orderbook of large vessel capacity mean that container shipping is set for another three years of overcapacity and financial pain, according to the latest Container Forecaster report published by global shipping consultancy Drewry. The recent slowdown in world trade has forced Drewry to halve its forecast for container shipping […]

  • 6 September 2016
    Business & Finance

    Severe overcapacity in the container shipping market and recently agreed contract rates on the transpacific trade lanes are keeping pressure high on the liner companies, according to BIMCO. Overall container demand grew around 2% in second quarter of 2016 compared to the same period a year earlier, BIMCO said, adding that a minor and slow, but […]

  • 5 December 2017

    The outlook for the global shipping industry remains negative, according to Fitch Ratings, as the rating agency doesn’t expect a material improvement in market fundamentals in 2018 due to lingering overcapacity. As explained, both container and bulk markets show signs of a revival, but the longevity of this trend remains uncertain due to limited adherence […]

  • 7 July 2015
    Business & Finance

    A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according to global shipping consultancy Drewry. Drewry’s forecast that container shipping carriers might record profits of up to USD 8 billion in 2015, has been revised, as the consultancy believes that they should be lucky to […]

  • 3 July 2014
    Business & Finance

    Despite the overcapacity of ships on the market, which has been a hot topic recently, the newbuilding orders for ships don’t seem to be toning down.   When speaking about bulk carriers, Pan Ocean has placed an order for two firm 207,000 DWT Newcastlemaxes at New Times, with both vessels due to deliver within the […]

  • 22 February 2018
    Business & Finance

    Demand is still high enough to potentially improve the fundamental market balance.

  • 21 February 2019

    Despite overcapacity woes, ocean carriers show no signs of ditching megamax containerships.

  • 13 July 2015

    The average containership load factor across the main headhaul East-West trade routes, adjusted for void sailings, was 86%, down from 90% in the previous quarter and from 89% a year ago, Drewry’s updated first-quarter 2015 data shows. The drop comes on the back of a rather bleak picture for container lines with a toxic mixture of overcapacity, […]

  • 6 July 2014
    Business & Finance

    Overcapacity in the shipping segment may be expanding to other market sectors as well, as oil majors start cancelling charter contracts for rigs.   Namely, on Friday Statoil decided to suspend the contract with Saipem for the rig Scarabeo5 from the autumn of 2014, provisionally for the remainder of the year, attributing the decision to […]

  • 27 April 2015
    Business & Finance

    Responding to challenges in the newbuilding market plagued by overcapacity and decline in new orders, Chinese shipbuilding conglomerate COSCO Shipyard Group (CSG) has decided to switch focus so as to adapt to these changes. In 2014, due to the sluggish global economy, global shipbuilding orders declined 34.7% year-on-year to 39.69 million CGT. As a result, the […]

  • 23 January 2014

    Despite the overcapacity problem still looming over the global shipping market, Chinese shipbuilding sector is showing some signs of recovery. China Association of National Shipbuilding Industry (CANSI) presented better figures for 2013 indicating that recent restructuring efforts, cuts in overcapacity and upgrades improved the sector’s performance. According to the Information and Technology Ministry’s report, Chinese […]

  • 29 May 2014
    Business & Finance

    The idle containership fleet has edged below 2% of the overall fleet for the first time since last September. Figures from Lloyd’s List Intelligence show that total capacity of inactive vessels fell to 335,640 teu last week, standing lower than for the corresponding week over the last two years, when 2.6% of the fleet was […]