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Container tonnage of non-operating owners

NOO fleet exodus slows, but ship replacement falls short The fleets of non-operating owners (NOOs) in the small and medium sizes continue to shrink as the exodus of ships to liner operators seems far from over. Since 1 November 2022, when Alphaliner published its last review of the NOO fleet, tonnage providers have lost another 71 ships to end users. This concerns tonnage in the size range from 700 to 9,000 teu for a total capacity of 245,000 teu.

Source & photo_ Alphaliner

The main buyers were, unsurprisingly, MSC with 20 ships and CMA CGM with seven units. Interests believed to be linked to Russian - or at least Russianbacked - liner operators meanwhile accounted for a dozen vessel acquisitions. Although still significant, the pace of the NOO fleet’s decline has clearly slowed over last seven months, compared to the haemorrhage of 2020 - 2022. Between August 2020 and March 2022 the NOO fleet lost a mind-blowing 500 vessels for 1.6 Mteu and another 120 ships for 430,000 teu between March and November 2022.

All in all, the NOO fleet has lost around 675 vessels to end users in a little less than three years. These accounted for a total capacity of just over 2 Mteu. The vast majority of the NOO tonnage sold was in the 700 - 9,000 teu sizes. Vessels sized 1,500 - 1,900 teu, classic panamaxes (4,000 - 5,300 teu) and units from 2,000 - 2,600 teu were the most coveted ships with, respectively, 125, 102 and 93 vessels sold to end users.

MSC, which purchased an astonishing 306 vessels, and CMA CGM, which snapped up 104 ships, were by far the most active buyers, accounting for just over 60% of the total second-hand transactions.

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