The containership orderbook has reached a record 13 million TEU, as carriers continue to vie for market share, according to consultancy Linerlytica. The analyst warned in its Market Pulse report that capacity pressure is building. “Over-capacity will soon catch up with the market with over 5 million TEU scheduled to be delivered in 2028 alone,”
ON May 5, the containership CMA CGM San Antonio was struck by a projectile while attempting to exit the Strait of Hormuz. The International Maritime Organization (IMO) confirmed eight seafarers were injured. In the aftermath, the U.S. military suspended its Project Freedom operation, which had been established to assist and guide commercial vessels stranded in the Persian
Drewry’s latest World Container Index (WCI) fell by 1%, marking its third consecutive weekly decrease. As reported by Drewry, the decrease reflects lower pricing on Asia–Europe, Trans-Pacific and Trans-Atlantic trade routes. “Despite elevated fuel costs and ongoing geopolitical risks, rates remain under sustained downward pressure due to excess capacity and low demand,” noted Drewry. Carriers
