The year ahead for the container shipping market will be largely driven by how carriers manage the capacity glut, with 2.56m teu of new ship capacity scheduled for delivery in 2023 against projected deletions of just 0.25m teu with overall fleet growth expected to at 8.8% compared to 4.1% in 2022. In addition, surplus tonnage is coming back from capacity rationalization and the impact of port de-congestion that would release much of the 10% of the fleet still tied down at port anchorages current