cold layup

Wallenius Wilhelmsen To Return Last 3 Vessels From Cold Lay-up

Norwegian car carrier operator Wallenius Wilhelmsen is set to reactivate the last three of its vessels that were placed in cold layup last year due to a slow down in the car carrier market, caused by the Covid-19 pandemic, reads the company website.

Short-term charters

Reactivation will take place during the third quarter, and Wallenius Wilhelmsen says the intention is that the three vessels will replace capacity sourced through short-term charters.

Wallenius Wilhelmsen had already made the...

https://mfame.guru/wallenius-wilhelmsen-to-return-last-3-vessels-from-cold-lay-up/

Increasing Ocean Carriers Idle Container Ships Due To Falling Demand

  • More than 10% of the global boxship fleet is anchored as Western markets due to lockdown.
  • Container ship operators have idled a record 13% of their capacity over the past month.
  • Alphaliner canceled 250 scheduled sailings in the second quarter alone.
  • Up to a third of capacity taken out in some trade routes.
  • The cutbacks have hit the world’s main trade lanes – Asia-Europe and trans-Pacific routes.
  • More than 20,000 containers each now is less than half full.
  • Warm layup vessels are anchored and...

http://mfame.guru/increasing-ocean-carriers-idle-container-ships-due-to-falling-demand/