News / Ocean carriers 'boxed in' by 5m teu surplus equipment mountain

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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.

Weak consumer demand and consequent easing of supply chain congestion has resulted in an expensive post-boom hangover for ocean carriers, as their equipment storage costs soar at the same time as their freight revenues plummet.

According to Drewry’s latest Container Equipment Forecaster report, the global container equipment ...