.According to Veson Nautilca, the container industry is actually going to file splitting year fuelled through higher charter costs and post-covid compartment boom..Purchases of new container vessels are up through ~ 52% year-on-year with 254 brand new contracts placed in 2024, compared to 167 in the equivalent period of 2023 according to a brand new report by VesselsValue, the data intelligence information branch of maritime data and freight control answers provider Veson Nautical.The report, titled ‘Golden era: Container shipping’s post-covid boost carries on’, states that aside from the huge uptick in orders, 2024 has viewed 362 brand new compartment vessels getting in the marketplace along with an additional 169 to be set to be supplied in the last few months of the year.Thanks to the post-covid container upsurge, 2024 looks readied to be a record-breaking year in terms of brand new container ships getting into the marketplace. The large increase in brand new purchases this year implies that this pattern looks readied to carry on for the next couple of years…. mentioned Rebecca Galanopoulos Senior citizen Content Expert at VesselsValue..Galanopoulos adds that eliminations likewise stay reduced along with only 48 container vessels sent out for demolition so far in 2024, a loss of ~ forty five% year-on-year.Credit: Veson Nautical.The study additionally states that the strong market disorders are mirrored in charter prices which have actually multiplied for the Post Panamax industry.” Charter costs for Article Panamaxes have been hovering around the 72,000 USD/Day mark because July, a rise of 100% from the very same opportunity in 2014, where fees were around 36,000 USD/Day,” Galanopoulos points out.
“This type of advancing market is what is driving the increase in brand-new distributions and brand-new orders.”.