Container Ship Order Book Hits Record 8.3 Million TEU in 2024
In late 2024, the container ship order book hit a new high of 8.3 million TEU, with 4.4 million TEU contracted. Chinese shipyards lead with 72% of orders, while liner operators control 79% of capacity. The fleet is aging, with a projected growth to 35.8 million TEU by 2029 if older ships are recycled.