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Container freight rates from China down 28%, worst Q1 in twenty years
"Should volume growth falter & ships return to normal routings in Red Sea area, 2019 levels may soon be within sight."
Container ship order book hits record high of 8.3mn TEUs
As 4.4 million TEUs were contracted during 2024, order book grew despite deliveries hitting a high of 2.9 million TEUs.