More and bigger container ships without contracts

Shipping companies are returning container ships of 3,000-5,100 teu to their owners on a massive scale. The charter market for these ships is more or less gone, says Alphaliner.

Photo: Maersk Line

More and bigger container ships are left unemployed and the "empty" fleet began to grow early in October ahead of the traditionally slow winter season.

Even though the number of empty container ships has declined a little in recent weeks, their total capacity has increased from 416,000 teu to 443,000 teu, a development caused by an increasing number of 3,000-5,100 teu Panamax ships, which have gone from 39 to 47 units in 14 days. Most of these empty ships are owned by non-operating owners, with 37 of 49 ships unable to secure employment, says Alphaliner.

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