Idled Containership Capacity Set To Reach a Record High of 3m teu

Inactive containership fleet will breach the 3m teu mark for the first time making 13% of the entire global box fleet will be out of work.
The inactive containership fleet dropped last month having hit a record of 2.46m teu at the start of March.
Forward bookings from Asia to North Europe down by over 50%, and it could even be worse than that.
Ocean rates kept stable, with China-US West Coast rates even climbing by 5% to $1,604.
Sea-Intelligence warned that a failure to prevent a simultaneous...