Momentary halt of an expected slow-down of inactive tonnage resulted from the inflow of bigger ships. Nevertheless, the pause might be short-term as the container shipping industry is likely to encounter some obstacles.
Overcapacity Challenges Persist
- However, ships with a capacity of 12,500 tons are performing well despite the inflow of bigger ships.
- There is marginal improvement in the efforts to address overcapacity through slow steaming and blank sailings, as idle container ships decline marginally at approximately
- 1.75% in early October, and to some extent 1.6% by November 6.
- About 64% of idle ships are coming out of dry docks/retrofit yards and may show additional capacity soon.
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Source: The Loadstar
