Bottlenecks have put container capacity equivalent to CMA CGM's fleet out of operation

Major bottlenecks across the container market have sent 12.5 percent of the global merchant fleet out of operation, with ships equivalent to the size of Cosco's or CMA CGM's entire fleet waiting off ports, writes Sea-Intelligence.

Photo: Lucy Nicholson/Reuters/Ritzau Scanpix

There are still no signs of improvement in the chaotic container market, where a large proportion of the world's container vessels are now effectively out of operation due to bottlenecks and long waiting periods at ports.

Globally, 12.5 percent of the total capacity is currently queued off ports. Specifically, 3.1 million teu has been removed due to delays, writes Sea-Intelligence.

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