Supply Chain Resilience Post-Suez Blockage

Indeed, in recent history, container ships have been getting bigger and bigger – these larger container ships offer important economies of scale to shippers in the form of greater efficiency in transporting goods. Since the 1960s, container-carrying capacity has ballooned by almost

1,500 percent. Modern ships keep growing – almost exponentially. According to findings from Allianz Global Corporate and Specialty (AGCS), the largest ships were around 21,400 TEU in 2017. Just two years later, ships were being built in the 24,000-25,000 TEU range. Some of the largest container ships today measure nearly 400 metres in length and over 30 metres in depth.