Record growth in global container vessels seen in 2027-2030

Global container vessel capacity, currently at 34 million twenty-foot equivalent units (TEU), is expected to grow to 40 million TEU by the second quarter of 2028 and hit 50 million by 2030, an unprecedented supply growth, according to Sea-Intelligence.

In its latest weekly spotlight summary released on November 8, Sea-Intelligence said this projected fleet expansion will not be affected by retiring vessels.

“Even if carriers were to scrap at record levels of the past, it would not make a dent in the supply,” the Singapore- and Copenhagen-based data analytics and advisory firm said.

Earlier this month, Sea-Intelligence reported that container shipping is running with unprecedented capacity on all major East-West trade lanes.

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