NOO fleet loses 2 Mteu to liner operators in just over two years

The cellular fleet of Non-Operating Owners (NOOs) has continued to lose tonnage to liner operators (end users) in the last few months, albeit the pace of ship sales has gradually slowed down.

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As of 1 November, Alphaliner counted just over 600 NOO vessels for 2 Mteu sold to end users since August 2020, when carriers started raiding the S&P market. The world fleet of NOO vessels was meanwhile down to 2,555 units, falling from over 3,000 ships two years earlier.

Most of the vessels sold to liner operators have been in the 700-9,000 teu sizes. The most popular ships transacted were 1,500-1,900 teu ships (116 sales), ‘classic panamaxes’ of 4,000-5,299 teu (94) and units of 2,000-2,600 teu (85), followed by tonnage of 1,000-1,200 teu (68 ships).

Source: Alphaliner