Drewry: Container equipment fleet to decline for first time in 14 years

The fleet of container equipment in service is forecast to decline by 3% in 2023, according to Drewry, which cited the war in Ukraine and soaring inflation impacting the container shipping industry.

With supply chain congestion easing, the surplus amount of equipment that has built up in the fleet over the past two years is being removed.

As container shipping cargo demand is slowing, carriers are idling more tonnage and vessel scrapping is rising.