Record orders for container newbuilds in 2021 – bank downplays fear of price war

Container lines have been ordering new ships like never before – a quadrupling of vessel orders from 2020 to 2021, reveal figures from VesselsValue. But overcapacity in 2023 and 2024 isn’t likely to lead to a price war with major rate drops, says analyst.
MSC, the world's largest container line, has ordered 66 new ships with a total capacity of 1.1 million teu, corresponding to 25.4 percent of the existing fleet, according to Alphaliner. | Photo: MSC
MSC, the world's largest container line, has ordered 66 new ships with a total capacity of 1.1 million teu, corresponding to 25.4 percent of the existing fleet, according to Alphaliner. | Photo: MSC

Shipowners and container lines have in 2021 ordered new container vessels like never before, as a reaction to a booming container market with high freight rates, great demand and lack of capacity.

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