New containership orders jumped 139.5% in 2017, according to Alphaliner.

Total new capacity added at yards was 671,641 teu, against 280,480 teu in 2016, but still well down on the 2.2m teu ordered in 2015.

That spike was explained by owners rushing to beat the IMO's NOx Tier III deadline.

"Despite the increase, last year’s order volume saw the orderbook-to-fleet ratio fall from 15.7%