Global container demand declines spurred by backhaul blues
All eyes on the tariff fallout
© Eq Roy
By Mike Wackett
Idled containership capacity is expected to reach a record high of 3m teu within weeks, in the “worst capacity crisis the industry has ever seen”, according to new data from Alphaliner.
With over 250 sailings already withdrawn in the second quarter, the consultant forecasts that the lay-ups will push the idle fleet to a level twice that seen during the 2009 global financial crisis.
“No market segment will be spared, with capacity cuts announced across almost all key routes,” warned Alphaliner.
“While larger ...
Comment on this article
Klaus Schnede
April 08, 2020 at 10:00 pmHello,
The article published on April 8th in TheLoadStar by Mike Wackett included a picture of laid up ocean vessels. Can someone confirm where this picture was taken? I believe it was in Singapore, a friend of mine is suggesting Shanghai. Can someone confirm?
Thank you very much!
Sincerely,
Klaus Schnede
Eastman Chemical Company
Kingsport, TN, USA
Alex Lennane
April 09, 2020 at 8:49 amHi Klaus, The image was of ships waiting at anchor off Singapore, you were right! It looks to me like it was taken from the bar at the top of Marina Bay Sands…Hope that helps!