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The container fleet now consists of 6,699 ships with a capacity of 30.4 million TEU: BIMCO

USMX says talks cannot happen on pre-conditions even as Biden backs workers; all eyes on how long the strike will last.

"Had the fleet not grown substantially before the Red Sea crisis began, it could have developed into a major crisis."

Volumes have reached an average of 1.6 million barrels per day, an increase of 1,000% compared to 2021

Capacity is expected to exceed 30 million TEU at the end of third quarter and hit 30.5 million by the end of 2024

"Whether pent-up demand & global growth above trend can help recover part of lost growth remains to be seen."

Average container ship could be larger than 5,000 TEU at the end of 2025: BIMCO

Container ship transits are down by 70% through the Gulf of Aden and the Suez Canal, says BIMCO

Container fleet capacity in 2023 increased 8% from 2022 and 21% from 2019

Another 83 ships larger than 15,000 TEU expected to be delivered in 2024, doubling capacity in just four years

Container volumes have fallen 2% compared to 2022 and are up only 1% compared to 2019

Currently, 21% of ships in the container fleet are older than 20 years, and thereby prime candidates for recycling