Inactive boxship fleet dips below 1m teu

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.

An aerial view of a container ship.

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.

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