Idle boxship capacity could hit 2m teu by year end

14th July 2009, 11:24
IDLE boxship capacity could hit 2m teu by the end of the year, or the start of 2010, according to forecasts from Alphaliner.

Alphaliner said the number of idle containerships has fallen to 1.2m teu as of July 10 from a peak of 1.42m teu earlier in the year, however a glut of newbuildings to be delivered in the coming months are expected to push the number of idle vessels sharply higher later in the year.

“The current reduction in idle capacity is a result of service re-activations for the
summer peak season as well as increased scrapping of older tonnage,” Alphaliner’s weekly report said.

So far this year 207,000 teu in capacity of tonnage has been scrapped.