The Global Container Shipping fleet is expected to
grow 3.5% in 2020 to hit 24.05m TEU according to analyst Alphaliner.
The fleet ended 2019 with a total capacity of 23.23m
TEU and Alphaliner expects 1.14m TEU in new tonnage to be added this year.
in scrapping and return of vessels with scrubber retrofits to market
The analyst sees an increase in scrapping in 2020
especially in the second half of the year as old and less efficient ships are
sent to be scrapped as newer vessels undergoing scrubber retrofits to comply
with IMO 2020 return to the market. Some 300,000 TEU in capacity is forecast to
be scrapped compared to 207,000 TEU in 2019.
“The scrubber retrofit wave, which had taken
more than one million TEU of capacity out of circulation at the end of 2019, is
expected to continue through all of the first half of the year,” Alphaliner
said in its weekly newsletter.
Scrubber retrofits currently account for 75% of the
inactive fleet of 1.41m TEU and active capacity is set to surge in the second
half the year as all vessels being retrofitted return to the market.
Active fleet to grow due to new ship
deliveries and return of the retrofitted ships
“The active fleet would grow by over 5% in the second
half of the year due to the combined impact of new ship deliveries and the
return of the retrofitted ships,” the report said.
“Carriers will have to manage the increased fleet
carefully to avoid adding too much capacity to the market this year. Among the
Top 12 carriers, MSC and Maersk have the largest numbers of ships currently
undergoing retrofit, while HMM, CMA CGM and Evergreen will have the most new
ship deliveries this year.”