Starting in 2020, shortage of space, port congestion, and strong demand has caused the supply of containers to exceed demand, sea freight has increased significantly, and shipping orders have grown rapidly. According to shipping trade group data, since 2021, the number of container ship orders placed has increased to 5.3 million TEU compared with the previous total. The number of orders in the first eight months of this year alone exceeded the total of last year, and it is expected to break A record of 6.8 million TEU in 2008.
The rapid increase in orders, coupled with the repeated epidemic this year, has made wood supply more difficult, and manufacturing production has been severely impacted. According to the National Bureau of Statistics, the PMI of China's manufacturing industry in August was 50.1%, setting the lowest record in March 2020, and has fallen close to the dryline for five consecutive months.
