News / Idle tonnage weighs heavy on HMM as global inactive box fleet hits new high

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One-third of HMM’s container fleet is currently idled, by far the highest percentage of inactive ships of any of its liner peers, according to Alphaliner.

And the South Korean carrier is scheduled receive some 400,000 teu of newbuild tonnage over the next 12 months, but it has limited scope to return surplus tonnage to owners due to the length of its time charters.

The global idle containership fleet reached an all-time high of 551 vessels, for 2.72m teu, at the end of ...