Record container ship orders in 2024 signal a boom, with liners controlling 79% of new fleets.

Container ship orders hit a record 8.3 million TEU in 2024, despite record-high deliveries. Ships 8,000 TEU and larger dominate, with China holding 72% of the order book. Liner operators control 79% of new orders, up from 61% of current fleets. The fleet's average age has risen by 1.4 years since 2020. Recycling all ships 20 years or older could increase fleet capacity by 16% by 2029.

3 months ago
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