World Maritime News
WMNF 11/11/2026
Will long-predicted boxship overcapacity finally hit in 2027?
Container shipping is heading toward a potential oversupply crisis from 2027 as two trends converge: a faster-than-expected return to the Red Sea/Suez route and a wave of new ship deliveries. Although freight rates remain relatively strong thanks to robust demand, port congestion, and geopolitical disruptions, analysts at Drewry believe these supports will gradually weaken. With fleet capacity expected to grow rapidly and the orderbook at its highest level since 2009, freight rates are likely to come under increasing pressure from 2027, with conditions deteriorating further in 2028.
Read more: Lloyd’s List
‘Risotto Group’ seeks compromise route through IMO net zero deadlock
An informal coalition known as the “Risotto Group”, led by Saudi Arabia and including countries such as the US, Japan, Brazil, and several European states, is trying to break the deadlock over the IMO’s Net-Zero Framework (NZF). The group is exploring a compromise that would keep the framework’s basic structure while making its implementation more flexible and politically acceptable. However, major questions remain. US participation does not guarantee support for the final deal, and China has not yet joined the discussions. As a result, it remains uncertain whether the proposal can win broad international backing at upcoming IMO negotiations.
Read more: Lloyd’s List