Ports and Geopolitical Shifts Are Modernizing Container Fleets
This week, Hyundai Merchant Marine (HMM) ordered eight 13,400 TEU container ships, highlighting the aging container fleet. The average age of the top 10 shipping lines is 13 years. While HMM’s fleet averages nine years, older vessels dominate companies like MSC and Maersk, raising concerns about future competitiveness.