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You are here: Home → Archive → 2009 → Mar → 02 → One in four boxships expected to be idle by 2011

One in four boxships expected to be idle by 2011

by Obsidian — last modified Mar 02, 2009 12:00 AM

by Lloyd's List in London 10:32AM, 02 Mar 2009

A quarter of the world's containership fleet will be in lay-up by 2011 and freight rates will not pick up significantly until 2014, Claus-Peter Offen, one of Germany's largest shipowners, has forecast.

About 1m teu is already idle, the...

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