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2007 December 6   12:30

German orderbook up to 1,695 vessels of 68M dwt

Appetite for newbuilding tonnage appears to have been much underestimated as a bulk of hidden orders comes to the fore now, according to a survey released in Germany this week. A paper drafted by ship finance experts Dobert + Partner suggests that German interests have placed newbuilding orders for 1,695 vessels of 68M dwt including options, compared with an official estimate of 1,200 by the German shipowners’ association.
The leading orderers in terms of number of ships according to Dobert are: Hartmann Reederei (112 vessels), C-P Offen (84), Bertram Rickmers (78), Beluga Group (62) and Peter Döhle (58). The German orderbook includes 745 container vessels with an aggregate slot capacity of 2,8M TEU, the survey shows – 44% of the worldwide container ship orderbook.
The discrepancy between Dobert’s figures and the official statistics bears out the heightened level of secrecy in today’s shipbuilding, which analysts perceive as a growing problem. Future tonnage supply may be underestimated due to a lack of information, which will then spur more ordering and ultimately overtonnaging, Paris-based analysts AXSLiner have warned.

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