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More box ships laid up as demand stalls

by Lloyd's List last modified Sep 18, 2012 11:32 AM

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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