London - The global container shipping industry is heading towards a potential market correction as a record newbuild orderbook threatens to outpace demand growth in the coming years. According to industry data, liner companies have continued aggressive fleet expansion, placing orders for large, fuel-efficient vessels despite growing uncertainty around trade volumes and freight rates.

The current orderbook, which accounts for a historically high share of the existing fleet, is expected to result in a significant influx of capacity from 2025 onwards. While many of the new vessels are designed to replace older, less efficient tonnage and comply . . .