New containership deliveries has reached 1.62m TEU this year but there remains a
shortage of ships globally with freight and charter rates continuing to surge
ahead as the market enters the traditional summer peak season.
The vessel diversions from the Red Sea to the Cape route has effectively removed
more than 1.6m TEU from the market since the beginning of December while the
recent increase in port congestion has taken out a further 0.5m TEU of vessel
capacity from circulation as the active f