The delivery of one out of every five containerships due for delivery during the last three months was postponed, said the Baltic and International Maritime Council, a shipping association based in Denmark.
While the container shipping segment was hardest hit, one in six new ships of all kinds is being delivered at a later date than was originally agreed.
Industry talk about ship orders being cancelled, delayed or postponed is beginning to show in the order book, according to the BIMCO analysis of the 5,705 ship orders or 75 percent of all ships on order that are identifiable by hull numbers.
“These postponements show very clearly that the negotiations between owners and shipyards are changing the vessel supply outlook a great deal,” said Peter Sand, a shipping analyst at BIMCO. “Whether this also means that we will see a smaller amount of tonnage being delivered remains to be seen.”
Zim Integrated Shipping Services ranks as the liner company at the top of the postponement list. Zim postponed delivery by almost six years of a mega container carrier of 10,070 20-foot equivalent units capacity from the established Hyundai Samho shipyard in South Korea. The vessel, which was contracted back in 2007, was due for delivery in September this year but is now scheduled for delivery in 2015.
BIMCO found a dry bulk carrier is postponed by eight months on average, while a tanker is postponed seven months. The ships are usually set to be delivered anywhere between one month and two and a half years later than originally agreed between the owner and the shipyard.
“Every deferral of delivery is a result of intense and protracted negotiations between parties with mutual survival interests – yards needing cash in the short term and employment in the long term and owners on their part trying to balance their need for capacity against sour markets and financial challenges,” said Sand.
BIMCO is an independent international shipping association, with a membership composed of ship owners, managers, brokers, agents and many other stakeholders with vested interests in the shipping industry.
While the container shipping segment was hardest hit, one in six new ships of all kinds is being delivered at a later date than was originally agreed.
Industry talk about ship orders being cancelled, delayed or postponed is beginning to show in the order book, according to the BIMCO analysis of the 5,705 ship orders or 75 percent of all ships on order that are identifiable by hull numbers.
“These postponements show very clearly that the negotiations between owners and shipyards are changing the vessel supply outlook a great deal,” said Peter Sand, a shipping analyst at BIMCO. “Whether this also means that we will see a smaller amount of tonnage being delivered remains to be seen.”
Zim Integrated Shipping Services ranks as the liner company at the top of the postponement list. Zim postponed delivery by almost six years of a mega container carrier of 10,070 20-foot equivalent units capacity from the established Hyundai Samho shipyard in South Korea. The vessel, which was contracted back in 2007, was due for delivery in September this year but is now scheduled for delivery in 2015.
BIMCO found a dry bulk carrier is postponed by eight months on average, while a tanker is postponed seven months. The ships are usually set to be delivered anywhere between one month and two and a half years later than originally agreed between the owner and the shipyard.
“Every deferral of delivery is a result of intense and protracted negotiations between parties with mutual survival interests – yards needing cash in the short term and employment in the long term and owners on their part trying to balance their need for capacity against sour markets and financial challenges,” said Sand.
BIMCO is an independent international shipping association, with a membership composed of ship owners, managers, brokers, agents and many other stakeholders with vested interests in the shipping industry.