Boxship newbuild backlog hits 9.7m teu as more orders are being lined up
- The global orderbook for containership newbuildings has reached unprecedented levels, with 2m teu of fleet capacity ordered since January
- Hapag-Lloyd and Ocean Network Express both in discussions for more newbuildings
- Orderbook represents 31.1% of existing fleet in service
Braemar container analyst Jonathan Roach believes oversupply of fleet capacity could hit the containership sector later this year