[simonw]

"I hope someone told these guys what the spent is on new (water) ships globally, because it points only in one direction."

What IS spent on new ships globally, and what direction does it point in?

[QuantumGood]

It's a cyclical industry, so whether it "points" or peaks can be argued, but in 2021 561 container ships were ordered vs 114 in 2020

• Approximately 900 container ships are currently being built or on order worldwide

• These have a combined capacity of 6.8 million TEU (Twenty-foot Equivalent Units)

Major shipping lines:

• Evergreen: 20 ships of 15,000 TEU capacity (delivery 2024-2025)

• OOCL: 10 vessels of 16,000 TEU capacity

• MSC: Multiple orders including 24,100 TEU ultra-large ships and smaller vessels

• CMA-CGM: 6 vessels of 15,000 TEU capacity (delivery 2025)

[danielovichdk]

New container ships being built is around all time high. Look it up.

It points to that the business is not only doing good but that investments is being made, heavily.

[renewiltord]

If the economics work, I’d imagine the best time is when there are the most ships built since that indicates unmet cargo demand.