According to Wanhai Chairman Chen Boting, the container shipping industry has undergone structural changes post-pandemic. He stated that the traditional supply-and-demand analysis no longer accurately reflects market conditions, as geopolitical tensions, supply chain reorganization, and port congestion have decoupled actual shipping capacity from total fleet size. Chen emphasized that overcapacity is "largely a false premise" and that the market should reassess how it evaluates the shipping sector.

The executive noted that the industry is transitioning from chaotic competition to more orderly competition, with declining price-war pressure as shipping lines consolidated and improved their financial positions. He also highlighted that shipping lines increasingly control their own vessels rather than relying on independent ship owners, fundamentally altering competitive dynamics. Chen added that global trade conditions have shifted significantly since 2020 due to trade tensions, geopolitical adjustments, and inflationary pressures, making historical pricing patterns obsolete.

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