Boxship orderbook bulges as race for giant vessels heats up

The container shipping orderbook has swelled to 46.5% of the active fleet, a post-2009 peak, as carriers race to secure ultra-large tonnage. With the orderbook at 16.2m teu, newbuilding activity shows no sign of slowing – Chinese shipyards alone have booked a record 4.94m teu this year, accounting for 88% of the total capacity ordered, according to Linerlytica. The orderbook-to-fleet ratio is also Read full article →