Ocean Carriers Lay Up Nearly 50 Containerships as Demand and Rates Fall
Ocean carriers have laid up almost 50 containerships over the last month, as rates continue to fall across their networks. According to Alphaliner, 366 vessels were idle, with a total capacity of 1.6 million TEU, accounting for 6.2% of the global cellular fleet. Carrier-operated idle tonnage has increased from 70 ships for 509,000 TEU in mid-January to 117 with a capacity of 734,000 TEU a month later. MSC has followed up the demolition sale of the 1986-built MSC Florina with the sale of the 2,098 TEU MSC Giovanna for recycling. Despite the bleak outlook for the freight market, MSC is continuing its quest for used tonnage.
Source of information – The Loadstar
