Posted on 02/23/2023 4:06:44 PM PST by george76
A reduction in transportation costs perhaps.
To put this capacity in context, Wal-Mart and Home Depot use between 500,000 and 750,000 containers a year.
As long as they get filled and not sit in port for two months, they’ll be fine.
Meanwhile, the current orderbook continues to grow. New orders favor dual-fuel tonnage that can burn both traditional marine bunker fuel as well as liquefied natural gas or methanol. Alphaliner data shows that 29% of capacity on order is dual-fuel.
......
One way to offset this is for carriers to scrap older vessels. Virtually no container ships were scrapped in 2021-22 because freight rates were so high. Carriers “will look to offload as many older, more polluting ships from the market as quickly as they can,” predicted Drewry. “Our base forecast includes provision for a near-record level of demolitions in 2023.”
Bringing in more CommunistChina crap
and sending billions to CommunistChina to steal technology, challenge us worldwide and if need be to fight us.
Thanks treasonous US Chamber of Commerce and corrupt deep state bought off US politicians.
-fJRoberts-
I would be willing to bet that not a single one of those ships was built in the United States.
Maritime Strategies International (MSI) estimates that deliveries will total 717,900 twenty-foot equivalent units in Q2 2023, up 62% sequentially from the current quarter, with deliveries rising to 764,800 TEUs in Q3 2023.
There are I think six haulers like the Ever Given (the one that got stuck in the Suez Canal a couple years ago), each with a capacity of over 20,000 TEUs. Oh wait, 11 of them, sez here. Gross tonnage of each of those (which also indicates carrying capacity) is over 217,000 tons. To put that in perspective, the Titanic dry weight was something a little north of 52,000 tons. Those big-assed Japanese battleships of WWII had something like 73,000 GT (carrying capacity for crew, ammo, fuel, etc, only about 10,000 tons), or about one-third of each of those Ever ships.
Quick, Joe! Take credit for it, and then blame the supply chain jams on Trump again.
:^)
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