Global container capacity reaches 50 million TEU, with a projected surplus of 13 million TEU by 2023

The impact of supply chain issues over the past two years has been very high, with congestion in the supply chain leading to significantly longer transit times, not only related to delays by sea, but also inland congestion and delays. The more problematic the supply chain, the more demand for containers, but when the problem eases, the demand will also decrease. To quantify the possible excess capacity of containers, shipping data intelligence firm Sea-Intelligence conducted research based on data provided by Hapag-Lloyd and matched freight volumes and container capacity over longer periods of time. The relevant person in charge of Sea-Intelligence said: "Hapag-Lloyd is a standardized large-scale shipping giant. The company's data can reflect the situation of other large shipping companies to a certain extent, and then predict the supply of global shipping capacity." Taking into account the state of the supply chain in the first quarter of 2022, Hapag-Lloyd needs more tha...