Undeterred by an increasingly gloomy outlook and the spectre of structural overcapacity that appears on the horizon, carriers have continued to place orders for new container tonnage throughout the year.
In the first nine months of 2023 alone, another 187 vessels have been added to the global newbuilding pipeline.
Predominantly ordered by the carriers themselves rather than by tonnage providers, these #ships represent some 1.75 Mteu of additional #fleet capacity.
This has brought the global vessel orderbook to a record high of 7.88 Mteu, equivalent to almost 29% of today’s fleet capacity.
Source: Alphaliner
