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    "headline": "Global Container Fleet Capacity Set to Hit 34 Million TEU",
    "dek": "Global container fleet capacity will reach 34 million TEU after a few new ships enter service in September.",
    "prose": "Niels Rasmussen, Chief Shipping Analyst at BIMCO, stated that the global container fleet capacity will reach 34 million TEU for the first time in September. [^1][^3]\n\nThe Panama Canal Authority announced that starting Thursday, the number of vessels permitted to pass through the canal per day will fall to 34 due to low water levels. [^2] Less than 300,000 TEU have been recycled over the last five and a half years, a level of activity not seen since early 2004 and mid-2009. [^4] Niels Rasmussen, Chief Shipping Analyst at BIMCO, stated that the rapid growth reflects a combination of record-high new ship deliveries and remarkably low ship recycling activity. [^5][^9]\n\nSome $270bn of cargo passed through the Panama Canal in 2024, accounting for 40 percent of all US container traffic and 5 percent of all global sea trade. [^6] The crisis in the Strait of Hormuz has driven crude oil exports from the United States up 46 percent year-on-year to a record 61.6 million metric tonnes in the second quarter of 2026. [^7] The daily vessel limit will drop further to 32 on September 15 as the canal braces for continued low water levels due to the El Nino weather phenomenon. [^8]",
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