Idle containerships peak

Idle containership numbers level off at 2.3pc of fleet as the peak finally dawns.

The number of idle containerships was almost unchanged in the last two weeks to reach 395,000 TEU on August 26. This followed a 7,500 TEU tonnage increase in the previous two weeks.

Although there was very little change in the overall idle capacity which remained at 2.3 per cent of the total fleet, there were still plenty of vessel movements, said the Paris-based maritime consultancy Alphaliner.

Non-operating owners’ (NOO) idle capacity increased to 77 per cent from 283,000 to 305,000 TEU in the last two weeks of August, the highest level since last October. This has been augmented by flexible charter periods, which allowed carriers to return ships to NOOs when demand slowed.