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Markets > Market Reports > Container Newbuilding > Containership newbuilding market subdued in 2012 Archive:
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Containership newbuilding market subdued in 2012

23 January 2013

The containership newbuilding market remained relatively subdued throughout 2012. 70 boxships were ordered last year, with a combined capacity of 0.43m TEU. This represents a marked slowdown in contracting from 2011, when 244 containerships of a total 1.84m TEU were ordered. Contracting in the smaller sizes proved particularly scarce, with just 20 sub-3,000 TEU ships ordered last year, and no vessels under 1,000 TEU ordered. Meanwhile, the medium size range (3,000-7,999 TEU) saw contracts signed for 25 vessels of a combined 0.12m TEU. Finally, the 8,000+ TEU sector saw orders placed for 25 vessels of a combined 0.28m TEU in 2012. The largest contract was placed by Greek owners Enesel, who ordered 10 x 13,800 TEU containerships at Hyundai H.I., at a reported price of $114m per vessel. Upon delivery the ships will be placed under long-term timecharter to Taiwanese carrier Evergreen Line. Overall, newbuilding prices continued to fall over the course of the year, with the Clarksons Containership Newbuilding Price Index softening to 73 points by year end, the lowest level since 2003.

© Clarkson Research Services Limited 2014