News / Seaspan sells youngest ever container vessel for scrap as idle fleet nears 1m teu mark

The idled fleet of containerships is set to grow rapidly in the coming weeks as owners decide to park redundant ships after their time charters expire, rather than scratch around for employment on a hugely depressed spot market.

According to the latest data from Alphaliner, there are currently 269 container vessels in lay-up equating to 906,167 teu – or 4.5% of the global cellular fleet – of which 90% are owned by non-operating owners (NOO).

This compares to 127 ships for 345,916 ...