The global orderbook (left) as a share of the fleet is at the lowest in fifteen years, which suggests limited risk of new asset over-supply, which occurred after the financial crisis. Moving to the right, the top chart shows that earlier in the pandemic, idle containership capacity spiked, but has come down considerably since then. Lastly, on the bottom, we see that the fleet age is its highest level since 2005, indicating there will likely be an increase in demand for newer fleets in the coming years.