Resilient cargo flows keep container line correction at bay
- Newbuild orders continue to mount: orderbook-to-fleet ratio is at 41%, up from 31% one year ago and 23% two years ago
- S&P boxship demand remains high: price of a 10-year-old neopanamax has increased 30% over the past two years; price of a 15-year-old neopanamax has increased 53%
- Drewry’s World Container Index global composite is at $4,473 per feu, up 111% year on year
In 2023, after the pandemic boom ended, there were dire predictions on the fate of container shipping lines. These forecasts turned out to be spectacularly wrong. Three years later, liner operators are still going strong
