Boxship Inactivity Leads To Increase in Charter Activity

Inactive boxship has peaked, and there has been a sudden uptick in chartering activity.
It has decreased by 110,000 teu to 521 ships totalling 2.61m teu.
This downward trend will continue in the foreseeable future.
Carriers progressively resume suspended services and reinstate selected sailings initially planned to be blanked.
Demand for VLCS units of 7,500 teu and over entirely vanished at the peak of the COVID-19 crisis.

According to an article published in Splash 247 and authored by Sam...