Container ordering spree continues, increasing overcapacity fears
OOCL says the oversupply of huge numbers of containerships floating about in the market continues to be a big concern for the sector. It has recorded a slide in profits in the first half of 2024
The previous four-year contracting record between 2004-2007 has already been surpassed by 2021-2024, with 1.6m teu ordered so far this year
