Alphaliner says idle containership fleet set to hit 3 million teu
Alphaliner's weekly newsletter suggests that the idle containership fleet is expected to breach the three million teu mark as lines blank more sailings and withdraw services, surpassing a previous high of 2.46 million teu in early March.
More than 250 schedules sailings have been withdrawn by container lines in Q2 due to the COVID-19 pandemic hitting demand, says the maritime consultancy.
Alphaliner says that no market segment will be spared, with capacity cuts announced across almost all key routes. Apart from the Asia - Europe, Asia - North America and Transatlantic routes, carriers have also implemented capacity reductions in South America, the Middle East, the Indian Subcontinent, Africa, and Oceania.
It adds that while the larger ships will be cascaded to replace smaller units on the remaining strings, carriers will be forced to idle a large part of their operated tonnage, and suggests that this will affect all size segments in the coming weeks.