Sea freight all over the world has been significantly disrupted by the ongoing COVID-19 crisis. It has started recovering and signalling a boom in new container ship orders while the industry continues to grapple with the issue of vessel shortage.
Shipping enterprises, buoyed by sky-high freight prices, have been splashing out cash to expand their fleets. By 2023, the new shipping capacity is expected to hit a record-breaking level.
The order for at least 276 new vessels has already been placed...