Container ship new ship orders flooded by other factors, rather than by the current market demand decisions.

Recently, the excess capacity in the industry in the context of new ship orders still surged, indicating that the market supply and demand is no longer a surge in orders for new ships of the original driving force. Most orders even arrange to be delivered in 2016, which means that, when Europe and the United States out of recession, something trade continued to grow and exceed the expected demand.

New ship orders is one of the factors behind the surge in newbuilding prices are too low. Smaller shipowners seen a major competitive advantage beyond the owner's last chance, even though there has been no opportunity to take advantage and use. For example, the recent CSCL-made 5 18400TEU container ship , delivered in the fourth quarter of 2014, the price of each ship $ 136.6 million, with an average cost Bimashiji shipping 2011 custom-made 20 18000TEU every ship container ship construction costs low 26 %.

This comparison is not applicable, because the ship design particularity. Maersk 18000TEU container ship is a twin screw, while the CSCL 18400TEU just a container ship propellers, ship Maersk-made deck with expensive cell guides for easy loading and unloading of cargo handling and provide security.

18000TEU container ship biggest competitive advantage is fuel efficiency. Compared with 13000TEU container ship, each TEU can save 35% of fuel costs, since fuel costs accounted for more than half of the entire shipping cost, fuel efficiency and therefore so tempting.

United Arab Shipping Company (UASC) and Hyundai Heavy Industries recently signed five 18000TEU container ships and five 14000TEU container ship construction contracts with a total value of $ 1.4 billion, in addition, the contract also includes a 18000TEU container ships and six 14000TEU container ship equipment selected orders . Including alternatives, including the total value of orders will reach $ 2 billion.

Orient Overseas (OOCL) in 2011 custom-made 6 13000TEU container ships , each ship price of $ 136 million NOL in 2011 custom-made 10 14000TEU container ships, each ship $ 154 million, while upgrading 10 8400TEU container ship Seapan custom-made in March this year, five 14000TEU container ships, each ship price of only $ 108 million K Line 5 14000TEU this custom-made container ship prices were not disclosed.

These orders for ship financing is not difficult, the strange thing is, though not ship orders can not meet the market demand. However, only selected financial ship owners and ship specific. Meanwhile, many shipowners to obtain different forms of state support, the bank does not seem worried about their risk of loans, despite the current low freight rates has led to excess capacity to destroy the shipowner's profitability.

This means that, generally ship owners to operate as a mortgage company's daily operations increasingly difficult to obtain the necessary cash, and cash flow sufficient Seaspan, Costamare, Technomar and Capital Ship Management, etc. The owner, now clearly aware of worsening of this problem, which explains why they chose at this stage push into new shipbuilding market, this is a new ship orders surge in another factor.

They have been using their cash advantage, combined with the current favorable opportunity of ship prices bottomed out orders for new vessels to establish a competitive advantage. Such as wide-body container ship is very favored by South American shipping, despite the current ship financing has become extremely difficult to obtain, but they passed by the chicken - leases to avoid cash flow problems, so for the shipping container ship on the still dominant position expressed optimism.

According to Drewry observation, non-operating owners clearly know the future trend, shipping companies become more stringent as ship financing, ship leasing market in more and more inclined to use the new fuel-efficient ships, including the South American routes 8000 / 9000TEU container ship .

Although the shipping companies are still in dire straits, associated with the shipbuilding industry, but began to advance lively.

" This year, a sudden increase in a number of shipbuilding orders, many are beginning to accelerate the shipping giant custom-made ship, the ship appears to be a city of signs of recovery."

In yesterday's " Fourth International Maritime Maritime Strategy Summit 2013 Lujiazui Forum" , the Shanghai Waigaoqiao Shipyard Geng Wei Xiang, deputy chief engineer, pointed out that the shipbuilding industry is facing a new situation, but he believes that the current shipbuilding does not have the conditions for a thorough recovery.

Geng Wei Xiang revealed that this year, in the three major ship markets, some of the strength of the ship enterprises and keen sense of smell investment (speculative) hunters who have started to increase the intensity, the Norwegian shipping magnate mad orders, Italian shipowners Scorpio Group breath custom-made product tankers more than 40 vessels, China Shipping Group, Sai Sipan, K-line, Mediterranean Shipping, CIMC, and CSAV also bulk shipping companies such as custom-made large container ships. " The whole first half of 2013, the global total turnover of 754 new vessels, 48,240,000 dwt, respectively, compared with the same period the previous year, an increase of 20.4% and 75.0%."

And China's shipbuilding enterprises is this wave hunters tide of the " beneficiaries." According to China Shipbuilding Industry Association statistics, the first half of the country to undertake new ship orders grew by 113.2 percent year on year, of which export ship orders grew to undertake is to reach 163.3%.

" The first half of 2013 volumes, but also fueling the market has fully recovered, the industry bottomed out about desire, but our feeling is that the current market is far from a full recovery with the basic conditions." Geng Wei Xiang pointed out that a direct data, although trading volume increased, but prices did not rise boat, ship industry chain is still very fragile.

A shipbuilding industry have also told reporters that at present for many shipbuilding companies, ship financing remains difficult financial institutions to shipping credit control key industries as shipbuilding, ship, and plunged down payment, shipping enterprises becoming increasingly working capital tight, so in order to maintain cash flow and daily operations, many shipyards are willing to take over even lose money doing a new single, which prompted a lot of cash flow is still plenty of shipping companies and investment (speculative) chooses hunters shipbuilding.

And some shipping companies accelerate shipbuilding, also is upset. Yu Liming, vice president of China Merchants Group, pointed out that in the container shipping giant Maersk to begin receiving the world's largest container ship, due to the rapid decline in the cost of a single ship more competitive, forcing other shipping companies can only intensify followed Dingzao ship, or only because the cost is not competitive and was expelled from the market.

" From the supply capacity of the relevant data, the 2012 container capacity grew 6.6% in 2013 to 1.6 million TEUs additional capacity, additional capacity in 2008 exceeded 1.57 million TEUs in the historical record, the new capacity is equivalent to 10.3% in the beginning of the world capacity, " Yu Liming pointed out that although there are 100,000 TEUs ship delayed until 2014 delivery, global container shipping capacity will continue to have a net increase of more than 7%, the excess capacity in the market will be further intensified. The next three years is nearly 100 12,000 TEUs TEUs giant ship to put into operation, accounting for 42% of new shipbuilding orders for shipping capacity is now running 85%.

Therefore, a number of industry insiders suggested that although shipbuilding prices, the current can be regarded as an ideal time to buy the dips shipbuilding, but also pay attention may cause excess capacity continues to lengthen the time, the shipping companies want to buy the dips shipbuilding, identify best direction of the market, selected for their own but also improve the competitiveness of the ship, while concerned about their cash flow, after all, the current shipping market did not completely recover.