Echoes of 2008: Record container ship orderbook with long lead times mirror pre-crash boom

The container ship orderbook has hit a new record with long lead times not seen since the run-up to the last market crash.

The global orderbook grew to a record 9.1m teu this month, with close to 800 boxship newbuildings in the pipeline, according to Alphaliner.

French container line CMA CGM inks $2.6bn order in China despite Trump fees

Read more

That accounts for roughly 29% of the global fleet, which comprises around 7,300 vessels with a total capacity of 31.9m