BRAEMAR ACM Shipbroking's quarterly market report, says container shipping fundamentals look like they could be improving with other analysts sharing their positive outlook.
BRAEMAR ACM Shipbroking's quarterly market report, says container shipping fundamentals look like they could be improving with other analysts sharing their positive outlook.
The report noted improving demand, restrained vessel ordering and higher scrapping levels. "So far, the container industry has plenty to be positive about," it said.
"If we continue to witness restraint in post-panamax ordering and shrewd fleet management, the gradual recovery of the liner business should gather momentum.
"If we look towards 2016, we are currently expecting 115 vessels with a combined capacity of 0.79 million TEU to be delivered, which, with the current orderbook, will increase the size of the fleet by three per cent.
"With a year of historically low net fleet growth, the container industry can take a breather and enjoy the benefits of fewer vessels hitting the water. Further orders this year are to have a delivery date of 2017 and beyond."
The broker predicted that up until the end of 2016, it expected global container demand to increase 18 per cent, which is an improvement on the 14.5 per cent increase of 2011-2013.
Braemar predicted that the containership fleet will grow by a further 18 per cent up until the end of 2016, matching demand growth.
The capacity of new orders placed during the first six months of the year is down 17 per cent on the same period of last year, with Braemar estimating that 82 units of 610,000 TEU have been ordered during the period.
And it predicts a slowdown in orders for ultra-large tonnage over the next two years because of the current high level of orders for vessels of this size.
Sixty vessels totalling 330,000 TEU were sold for scrap in the first half and containership demolition is expected to be robust for the remainder of 2014, unless daily charter rates post increases.
Meanwhile, analysts at Clarksons were also positive about the market, with box trade expected to increase six per cent this year and 6.7 per cent next with capacity expected to rise 4.8 per cent.
And it predicts a slowdown in orders for ultra-large tonnage over the next two years because of the current high level of orders for vessels of this size.
Sixty vessels totalling 330,000 TEU were sold for scrap in the first half and containership demolition is expected to be robust for the remainder of 2014, unless daily charter rates post increases.
Meanwhile, analysts at Clarksons were also positive about the market, with box trade expected to increase six per cent this year and 6.7 per cent next with capacity expected to rise 4.8 per cent.
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