Container fleet in service will decrease by 3% in 2023, due to the global economic and political contex

Posted November 03, 2022 at 14:11 pm

Container shipping cargo demand growth is slowing, so Drewry lowered its projections further. In response, shipping lines are decommissioning more and more capacity and shipbreaking is on the rise. These factors mean fewer containers are needed at a time when there are estimated to be surpluses of more than 6 MTEUs in the fleet, according to the latest Drewry assessments. This stems from the record number of new containers delivered in 2021 when more than 7 MTEUs were produced and leasing companies and shipping lines refrained from removing older containers due to congestion issues

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