Recent quarters, and the latter half of 2022, are likely to be viewed with hindsight as the end of an era of stable and moderate container ship fleet growth. While relatively little has either entered or left the fleet so far this year, there have been far greater levels of activity in newbuild contracting markets. With over 1.9M TEU of new orders placed in the first five months of the year, following more than 4M TEU of new orders placed in 2021 - and additional firm and rumoured orders announced so far in June 2022 - the orderbook has grown beyond the 7M-TEU mark and the orderbook-fleet ratio has climbed north of 30.
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