Containership order surge in East Asia pushes delivery timelines for other ships to 2030s

Posted on August 30, 2024   |  

A surge in containership orders in East Asia this summer has pushed back delivery dates for other ship types to the end of the decade.

June, July, and August saw near-record levels of containership contracts, mainly in China, with June being the second highest and August close to a new record.

Mediterranean Shipping Co (MSC), the world's largest container line, has led the ordering trend, spending over $7 billion recently, according to Alphaliner.

The high volume of containership orders is limiting availability for other ship types, despite efforts to expand and reopen several shipyards in China.

The increased demand for containerships is delaying the delivery of other types of vessels.

This trend is expected to continue, pushing back delivery schedules for various ships.

The focus on containerships is straining shipyard capacity and impacting the broader shipbuilding industry.