French container ship giant CMA CGM has confirmed the addition of 62 ships to its fleet as it capitalises on exceptional markets.

The group said shipping capacity has grown 5.9% year on year to 30 September.

The shipowner has taken delivery of 10 new owned vessels and three new 15,000-teu chartered units so far this year.

But it has also been extremely active in red-hot secondhand markets, buying 49 ships of a total capacity of 800,000 teu over the past 15 months as it sought to meet demand.