Net Fleet Growth
The change in fleet capacity over a period (newbuilding deliveries minus demolition): the supply side of the freight balance.
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- Markets and Pricing
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How it works
Net fleet growth is deliveries from the orderbook less tonnage removed by demolition (and losses) over a period. It is the supply-side counterpart to trade demand: when fleet growth outruns demand, rates soften; when it lags, the market tightens.
Tracking net growth by segment shows which asset classes are oversupplied and which are tightening, independent of short-term freight noise.
Where it shows up on The Maritime
Also known as: fleet growth, net fleet growth, supply growth.
Related terms
Orderbook
The total tonnage on order at shipyards but not yet delivered: the pipeline of future fleet supply.
Newbuilding
A ship ordered new from a shipyard, and the forward orderbook of such vessels that signals future fleet supply.
Demolition
The sale of a ship at the end of her life for recycling, priced per light displacement tonne (LDT).
More markets and pricing terms
A plain-English reference definition: our own explanation of a standard shipping concept, not a licensed source or legal advice. See the full glossary or the broader maritime dictionary.
Last reviewed: .