Q4 2020 container-ship orders were the highest since Q3 2015, reports Freight Waves.
A jump in newbuilding ordersIn virtually any ocean shipping market, a big jump in newbuilding orders is a headwind for future freight rates. More capacity spread among competing owners strengthens the negotiating hand of cargo shippers.
According to Alphaliner, container-ship orders spiked in Q4 2020. Orders totaled to 673,500 twenty-foot equivalent units (TEUs), the highest quarterly tally since Q3 2015.
That’s a...
https://mfame.guru/increment-of-container-ship-orders-does-not-bode-well-for-future-freight-rates/