As ‘Eco-Ship’ building has become already a hot issue in global shipping and shipbuilding industries, the trend is prospected to spread to containership sector as well, following after bulker and tanker segments.
Analyst Michael Webber at Wells Fargo Securities has said that slow steaming and fuel efficiency have been continued issues over the last few years, however eco-ship building tendency will grow, particularly for US-listed shipowners.
He said the actual benefit expected from charter rates of very large containership which is applied with fuel-saving design and technology is much bigger than the one from eco-friendly bulkers or tankers.
Eco-friendly building is an issue in PC sector among eco advocates, for instance, Teekay Corp. and Scorpio Tankers, however private equity companies like Carlyle and Oaktree Capital are said to be showing a high interest in eco-friendly boxships that Eco-Ship trend is seen to be spreading to other types of vessel.
Webber pointed out that New York-listed Costamare and Seaspan are likely to invest approximately $660m of cash in fuel-efficient newbuilding containerships within a few months.
Meanwhile, market players show a concern over a potential protracted recession in overall industry and freight market when new orders for Eco-Ship re-skyrocket.
Danish Ship Finance (DSF) also expressed a warning on containership market that imbalance of fleet supply and demand will get worse, driven by over-supply of tonnage, large newbuildings on order with slow economic recovery and etc.
Eco-Ship Ordering Craze
2013-04-25
2347人
Source:Asiasis
Most ViewsHOT
- Global Ship Lease dives into newbuilds with 10-boxship order
- MTT Shipping pushes fleet growth strategy forward with Wuhu boxship deal
- Xingtong books quartet of chemical tankers at Chinese yards
- COSCO inks $953m LNG carrier order
- Greek fleet builder Venergy doubles down on tankers with fresh Chinese suezmax order
- Jinhui orders pair of dry bulk newbuilds in China
- Huizhou Rongsheng expands chemical tanker fleet with four-vessel order
- EGPN seals MR tanker orders at Chengxi
- Baozhou Shipping books up to four boxships at Zhejiang yards
- Wah Kwong places LR2 tanker order at DSIC
