10.4m teu container orderbook raises spectre of decade-long supply glut

The containership orderbook has reached a record high of 10.4m teu, according to data from Asian container consultancy Linerlytica, with the orderbook ratio rising to 31.7% of the fleet – its highest levels since 2010.  “The last time the orderbook ratio exceeded this level in 2004-2009, it ended in a decade-long supply overhang that took …