Container Ship Orders Surge As Firms Race To Add Capacity | WHAT REALLY HAPPENED

Container Ship Orders Surge As Firms Race To Add Capacity

About a year ago, shipbreaking was in full swing as the global economy was in tatters. After Western economies injected trillions of dollars in fiscal stimulus, supercharging consumers, maritime traffic between the US and China has been off the charts, resulting in shipping lines adding new capacity.

The latest spending patterns in the West show things are getting back to normal as consumers are using credit cards and debit cards (where the stimmy checks arrive) to buy items mostly made overseas. They are highly confident about the future and are spending like there is no tomorrow - triggering supply constraints as supply chains remain tangled from the virus pandemic.

To deal with the resurgent consumer demand, shipping companies are ordering new container ships to increase capacity.

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