The global container shipping market is currently facing an unprecedented crunch, with the boxship market effectively being declared completely “sold out” due to a massive surge in cargo demand and prolonged vessel diversions. This severe shortage of available container vessels has pushed charter rates to historic highs, leaving major mainline operators scrambling to secure additional capacity to meet their strict shipping schedules. With shipyards already backlogged with long-term orders and unable to deliver new boxships immediately, the global logistics industry is experiencing massive structural pressure, forcing maritime operators to look for unconventional and immediate alternative solutions to expand their container-carrying capacity.