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Capacity management will be key to deciding how much of super-cycle gains carriers can hold on to: Drewry

“It will be tempting but not advisable for shippers to 'seek revenge’ against & drop previous carriers and NVOCCs.”

Early arrival of holiday goods, economic concerns begin to slow record pace.

Drewry expects seaborne reefer trade growth to increase at an average annual rate of 3 percent to 2026.

Capex increased 31% in 2021 but operators now face challenges of longer lead time for equipment & rapidly rising costs.

Global pool of shipping containers increased 13 percent to almost 50 mteu in 2021

Customers are not expecting any fix of U.S. congestion issues before 2023.

Drewry forecasts smart containers in global fleet will accelerate in five years to 2026 to reach over 8.7 million units

“Sustained fleet growth will lead to highest shortfall of officers to crew the world's merchant fleet by 2027.”

Equivalent to almost 26 10,000 TEU containerships that will have to be found as supply chains are reactivated.

The World Container Index, however, remains 74% higher than a year ago.

In Singapore and Fujairah, price zoomed to $904/mt and $918/mt, respectively.