Container Ship Orderbook Hits a Record 13 Million TEU, 38% of the Fleet, as Overcapacity Warnings Grow
The container ship orderbook has reached 13 million TEU, the largest ever. That's 38.3 percent of the existing fleet, the highest ratio since the 2008 financial crisis. Put another way, the ships on order would hold more than the combined fleets of Maersk, CMA CGM and COSCO…