Boxship orderbook surges past 10m teu as carriers expand despite market uncertainty
- Container ship orderbooks hit 10.4m teu, with a 31.7% orderbook-to-fleet ratio, the highest since 2010
- Cash-rich carriers continue aggressive expansion despite market uncertainty, with MSC’s 2.4m teu orderbook matching Hapag-Lloyd’s entire fleet in service
- Weakening demand, ongoing vessel deliveries, and uneven capacity management across alliances are pressuring freight rates, despite carriers’ planned rate hikes
Global containership orderbook has exceeded 10m teu, with carriers pressing ahead on fleet expansion despite geopolitical uncertainty and weakening freight rates, rekindling concerns about overcapacity and the industry’s ability to manage supply
