More box ships laid up as demand stalls
Idled box ship capacity has exceeded the 400,000 teu mark for the first time since mid-May as market conditions continue to deteriorate.
Non-operating owners (e.g. investment funds) are being hit hardest as this group accounts for 80% of unemployed capacity, against ocean carriers with 20%.
Inactive containership capacity this week stands at 290 ships aggregating to 420,000 teu, equivalent to 2.6% of the...
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