Sunday, June 22, 2008

Container liners expanding capacities at a fast pace

Maersk Line continues to lead the global container shipping trade, with a market share of 16.4%, according to the latest statistics as produced on a daily basis by Paris-based AXS Marine.

As of the 20th of June, there were 6,004 ships active on liner trades, for 12,406,864 TEU and 169,671,755 TDW. To the above figures are included 4,485 fully cellular ships for 11,648,037 TEU. The total existing cellular fleet (all sizes / all positions) stands at 4,506 ships for 11,678,934 TEU. There are 11 cellular ships over 1,000 TEU for 22,630 TEU which are inactive (either awaiting employment or laid up or damaged). According to data from AXS Marine, APM-Maersk tops the list of container liners, controlling, or operating 546 ships with a total capacity of 2,028,713 TEUs. The company’s orderbook includes 82 ships of 396,585 TEUs, which represents 19.5% of the Maersk’s capacity in terms of TEUs. Also, the company charters 351 out of 546 ships. The second largest liner is Mediterranean Shipping Co. (MSC), which has a fleet of 401 ships of 1,303,580 TEUs. MSC owns 220 of these 401, while the remaining 181 are chartered. As for its orderbook it stands at 54 vessels with a total capacity of 598,693 TEUs, i.e. 45.9% of its current capacity. But the most aggressive company in the newbuilding scene appears to be China’s Cosco Container Lines, with has on order 73 ships of 527,803 TEUs, which represents 115.9% of its current capacity, standing at 455,541 TEUs, divided into 148 ships, 98 of which are owned, while the rest are chartered. Cosco is currently the sixth largest liner in the world.

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