Idle box ship fleet shrinks in March for the first time in seven months

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THE global idle containership fleet has fallen from 913,000 TEU in mid-March to 838,000 TEU by March 26, accounting for 5.3 per cent of the total containership fleet, down from 5.8 per cent a fortnight earlier, according to Alphaliner.

This was because the decline in the idle fleet size - the first in seven months - of the introduction of new services for the summer peak season that has lead to the redeployment of idle vessels.

Most idle ships redeployed over this period were carrier-controlled vessels, bringing the total capacity of such ships that are idle down to 440,000 TEU from 515,000 TEU.

The report said the total capacity of idle vessels that carry "non-operating owner" (NOO) status remains at 397,000 TEU.

The fortnightly period under review also noted the number of idle containerships over 7,500 TEU fall to 18 from 12 ships.

"The trend is to continue and the fleet of VLCS is expected to be fully employed by early May. This coincides with the delivery of 11 new containerships of 13,000-14,000 TEU in March alone. All these ships join long-haul strings which are launched or relaunched for the summer season," Alphaliner said.

Source Shipping Gazette - Daily Shipping News

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