August 27, 2020: The inactive containership fleet has dipped below the 1m teu mark for the first time this year, as carriers resumed a number of suspended transpacific and Asia-Europe services.
Alphaliner data shows the inactive boxship fleet stood at 223 ships totalling 969,000 teu as of August 17, accounting for 4.1% of the total containerships fleet. These numbers mark a decrease of 586,959 teu in comparison to the previous Alphaliner count in early August.
The buoyant times being recorded by most liners have also translated into a massively improved containership chartering market.
The Alphaliner charter rate index recorded a 35% jump in one month.
“The index is on its way to recover the ground lost since the COVID-19 pandemic started to impact cargo demand and henceforth ship demand,” Alphaliner noted in its most recent weekly report.
Source: SPLASH247.COM
