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Seaports & Port Cities in southern Africa: the economic benefits and landslide challenges of increased port activity
1. THE GLOBAL ECONOMIC CRISIS: SOME THOUGHTS ON CONSEQUENCES FOR SEA TRANSPORT MARKETS AND THE SOUTH AFRICAN PORTS SECTOR
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8. … and the size of the global order book suggests that a recovery of freight rates is not around the corner Dec 2008 July 2007 Jan 2006 Jan 2003 49.3 39.6 25.0 14.2 Order book as % of global fleet 1171.0 1049.5 944.5 816.4 Total World Fleet 576.9 415.8 235.9 116.2 Total on order 0.8 0.8 0.6 0.4 Passenger 13.7 16.3 8.9 4.4 General cargo 77.6 68.4 52.5 14.2 Container 293.6 152.4 68.4 30.2 Bulk carriers 191.1 178.0 105.5 67.0 Tankers Order book (million dwt) Vessel type