Container Ship Fleet Grew by 1.72 Million TEUs

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Global containership fleet total capacity increased by 8.5 percent when 214 new container ships were delivered in 2015. It stands now as 19 million 20-foot equivalent units by the end of the year, according to Alphaliner.

The world fleet’s capacity grew by 1.72 million TEUs in 2015, while only 200,000 TEUs were deleted as a result of scraping, conversions or casualties.

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Idle fleet soared to 1.36 million TEUs by the end of 2015 from just 230,000 TEUs at the beginning of the year.  This strong capacity growth proved to be unsustainable.

The pending delivery of 60 ships of 18,000 to 20,000 TEUs contracted in 2015, will add further to the overcapacity pressure that currently plagues the market as per alphaliner reports.

Source: Alphaliner

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