Subscribe to RSS feed10% of box fleet idle
by
Obsidian
—
last modified
Feb 19, 2009 12:00 AM
Close to 10% of the world's container vessels are currently unemployed as owners and operators take drastic steps to bring supply into line with shrinking cargo demand.
New Lloyd's MIU figures updated this month showed that 427 boxships are idle, representing 9.1% of the number of vessels in the world fleet.
The data indicates that considerably more containerships are at anchor than previously thought, particularly among smaller...
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