The idle containership fleet rose five-fold in 2015 in the face of a difficult market according to analyst Alphaliner.
On 28 December last year the idle boxship fleet stood at 331 vessels with a total capacity of 1.36million TEU five times that of the start of 2015 as the demand – supply balance “worsened drastically”.
In the last two weeks of 2015 all sizes below 7,500 TEU saw an increase in the number of idle vessels, the vast majority belonging non-operating owners.
In the larger sizes above 7,500 TEU, a number of 13,000 – 14,000 TEU vessels idled over the Chinese Golden Week were phased back into service.
“Carriers will nevertheless continue to implement blanked sailings for the post-Lunar New Year period in February, which will lead to similar numbers of large ships becoming idle in the next two months. A significant reduction of the idle fleet is thus not expected until April,” Alphaliner commented in its weekly report.
Copyright 2017 Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to www.shipsandports.com.ng as the source.