Paris: A rapidly depleting orderbook and an improved trade outlook could lead to the return of major new orders for containerships by the first quarter of 2011, based on Alphaliner's analysis of historical ordering activity. If the present drought of orders continued for another 12 months, the orderbook could fall to a record low of 9.8% by December 2011.
The orderbook as at 1 May 2010 stands at 655 ships for 4.16 Mteu, which represents 31% of the existing cellular fleet. It has fallen from the peak recorded at 7.02 Mteu in July 2008 or 60% of the fleet at that time. As a percentage of the fleet, the orderbook had peaked at 64% in November 2007. Based on current delivery projections and assuming no fresh orders are placed between now until the end of the year, the orderbook will fall to 3.14 Mteu or 22% of the fleet by December 2010. [06/05/10]
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