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26 August 2026

Ocean rate concerns as orders for new container ships near 40% of global fleet

Downunder Voices Newsroom

Source reporting: FreightWaves

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Ocean rate concerns as orders for new container ships near 40% of global fleet

The global containership orderbook is, frankly, exceptionally large. At approximately 13. 1 million twenty foot equivalent units (TEUs) against an operating fleet of about 33. 8 million TEUs, that’s an orderbook-to-fleet ratio of roughly 38. 7%, meaning that vessels on order represent nearly two-fifths of the existing fleet’s capacity.

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