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Container Shipping Demand to Grow by 3 to 5 Percent in 2015

March 18, 2015 11:30 pm Published by

In 2014, the world's container ship fleet grew by 6.3 percent to reach 18.37 million TEU (as of 01 January 2015.) According to industry analysts, the growth in capacity was driven by the delivery of new, bigger container ships.

We expect the global demand to grow by 3 to 5 percent and nominal supply to grow by 5 to 7 percent.- Head of Legal Services at Maersk Line

Looking ahead to 2015, the global demand is forecast to grow by up to 5 percent, accompanied by 7.8 percent growth in the world's containership fleet. As well, an estimated 1.78 million TEU of capacity to be delivered by year's end.

Shipping container carriers have enjoyed a significant fuel cost bonanza, with average bunker prices falling by 9.6 percent, by the end of 2014. Adding to rising profits, container lease rates increased marginally, by nearly half-a-percent; since last year (2014.)

Further reducing operating costs, several vessel sharing agreements between competing container shipping lines – aimed at extracting economies of scale by optimally utilising their triple-e ships, have been signed.

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