This Mega-Ship Can Haul 190 Million iPads

The video discusses the introduction of a new megaship, which is only a meter longer than the current largest ship but can carry more containers by stacking them higher. The importance of these megaships is highlighted in terms of cost management and profitability, especially in a market with stagnant shipping rates. Concerns about excess capacity in the shipping industry are also addressed, noting that many companies are ordering large ships to better manage costs.

Why have shipping rates not risen despite the increase in shipping capacity?

What strategies are companies like Costco and K Line employing in response to the current shipping environment?