Asian Operators and Shipowners Drive New Wave of Feeder Vessel Orders
A new surge in orders for feeder container ships is being led by Asian shipowners and operators, particularly from China, Japan, and South Korea. This trend is fueled by the need to replace aging fleets and capitalize on high profits from chartering vessels. Companies like SITC and a joint venture involving Wan Hai Lines are actively ordering newbuilds in the 1,000 to 3,000 TEU range. The strong demand is pushing up the value of second-hand ships, making new orders a viable alternative despite higher costs and longer lead times.
Official Source: https://theloadstar.com/asian-operators-and-shipowners-spearhead-more-feeder-ordering/
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