Container lessors and ocean carriers ordered a record number of containers in 2021 as congestion across global supply chains kept equipment tied up for longer, according to a new report from Drewry.

As the surge in container shipping grew in 2020 and 2021 carriers around the world were scrambling to find enough boxes to accommodate shipments while container manufacturers ramped up production to ...

The return to ‘supply chain normalisation’ has led to the container liner industry being hobbled by an estimated surplus of 5m teu of boxes, piled high on storage quays and in depots around the world.

The global pool of shipping containers increased by 13% to almost 50 mteu in 2021, which was three times prior trend growth. This reflected lessors and ocean carriers ordering a record number of ...