News / Idle vessel fleet set to grow as large newbuilds continue to arrive

© Stefano Garau

The surge of inactive tonnage, long-anticipated following the avalanche of new large vessels being delivered from shipyards, appears to have paused – but it may be only a deep breath before a further plunge.

Despite the overwhelming number of larger vessels that have arrived, box ships of 12,500 teu and above appear to be having much less trouble finding work than those in the smaller sizes. This demonstrates that the industry is successfully cascading larger ships onto smaller trades, even if ...