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The number of carrier-controlled container vessels in lay-up is increasing exponentially as liner networks are rationalised to mitigate the significant downturn in demand.

According to the latest bi-weekly assessment by Alphaliner, in the two weeks to 10 October, the number of idled box ships jumped by 25 (112,161 teu) to a total of 76 vessels for 322,394 teu.

According to the consultant, these are are “ships without revenue-generating commercial activity, such as vessels in warm or cold lay-up” and some that are ...

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