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Global container ship idle capacity at historic low
As of the end of July, less than 1% of the global container fleet's vessels were idle. Alphaliner's report on "no commercial activity" vessels over the past two weeks indicated that the number of idle container ships worldwide remained at a historic low.
Alphaliner highlighted that July's minimal capacity was the lowest since the first half of 2022.
Freight rates have not been this high since the outbreak of the COVID-19 pandemic, partly due to market challenges stemming from the Red Sea crisis. Since mid-November 2023, merchant ships have been under attack.
This has prompted shipping companies to send vessels on longer routes south of the Cape of Good Hope, further increasing demand.
Alphaliner highlighted that July's minimal capacity was the lowest since the first half of 2022.
Freight rates have not been this high since the outbreak of the COVID-19 pandemic, partly due to market challenges stemming from the Red Sea crisis. Since mid-November 2023, merchant ships have been under attack.
This has prompted shipping companies to send vessels on longer routes south of the Cape of Good Hope, further increasing demand.
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