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Aerial view of large container ships under construction at a major Asian shipyard, with cranes, dry docks, and multiple vessels visible

The 2026 global shipping outlook: A perfectly engineered glut

The global shipping outlook for 2026 is a masterclass in self-sabotage. After years of record profits, the industry has enthusiastically ordered enough new ships to guarantee a spectacular collapse in freight rates, creating chaos

Long pier extending into calm water under heavy, overcast skies, photographed with long exposure creating a muted, subdued seascape atmosphere

Decks and Deals Weekly #26

The first week of January 2026 exposed an illusion in global shipping: spot container rates jumped, but short-term discipline masks structural oversupply, rising regulatory costs, and geopolitical risk, leaving downside heavier than upside