Ningbo Ocean Shipping

Chinese carrier with many small ships

Overview

Ningbo Ocean Shipping operates 87 container ships with a combined capacity of 87,563 TEU (twenty-foot equivalent units), 0.3% of the world liner fleet, according to the Alphaliner Top 100.[1] Of that capacity, 59,550 TEU on 48 ships is owned and 28,013 TEU on 39 ships is chartered in, so chartered tonnage accounts for 32% of its fleet.[1] Its orderbook of 60,400 TEU on 20 ships equals 69% of its current capacity.[1] Ningbo Ocean Shipping operates 87 ships, a large number for its capacity, giving an average of about 1,000 TEU per ship.[1]

Ningbo Ocean Shipping strengths and limitations

Strengths

  • Large number of ships
  • Large orderbook ratio
  • Mostly owned fleet

Limitations

  • Small ships
  • Small global share
  • Under 1% world share

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