As a steady flow of newbuildings on the water drove supply growth above demand last year, container shipping lines looked to long-haul deployment and port rationalisation to limit the impact.
By Mike Garratt and Antonella Teodoro•09 Jan, 2024
Someone falling into a deep coma four years ago in December 2019 and re-awakening today might
be forgiven for believing that little had changed in the world of deep-sea containers. Container Trade
Statistics reported a 4.7% growth in global loaded TEU. The Shanghai Containerized Freight Index
was marginally higher. Maersk’s Q3 EBITDA was still around 14% of turnover. Mean ship size was up
by 11%. How misleading those initial observations would have been!