Idle Boxship Fleet Passes 1 Millon TEU Mark

The global fleet of containerships above 500 twenty-foot-equivalent units made idle has breached the 1 million TEU mark amid depressed containership market, according to Alphaliner.

Just in the last two weeks, a total of 35 ships of 109,000 TEUs were made idle. The volume of idle capacity doubled since September, when idling of containerships across the global fleet reached the 500,00 TEU capacity mark, a new high for 2015.

This is the first time that the idle boxship fleet has surpassed 1 million TEUs since 2010.

What is more, the idle capacity is set to increase further as slack winter season approaches, Alphaliner believes.

The argument is further substantiated by sailing cancellations and service suspensions of shipping majors trying to come to terms with low freight rates.

The expansion of the idle fleet has also been attributed to widespread overcapacity spurred by ordering of new ships and slower than expected market growth, resulting in the market’s failure to absorb the surplus capacity.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Defence Safety Conference 2019

The Defence Safety Conference returns to London this October as the only event solely dedicated to enhancing safety across all aspects of defence.

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

3rd MarSat Workshop

The MARSAT project wants to operationalise and standardise EO products and aims to develop…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >