‘Incessant’ fight for market share pushes box sector towards overcapacity with record 13m teu on order

The containership orderbook has reached a record high of 13m teu, according to consultancy Linerlytica which is warning of looming overcapacity. Ships on order are now greater than the combined extant fleets of Maersk, CMA CGM and COSCO. The orderbook ratio at 38.3%  is at highs not seen since the g