Trade News > Maritime News > Idled fleet soars to 1.1 million TEUs

Idled fleet soars to 1.1 million TEUs

Bruce Barnard/The JOURNAL of COMMERCE ONLINE | Feb 17, 2009 12:00AM GMT
The Journal of Commerce Online - News Story

Idled ocean container capacity has soared to 1.1 million TEUs with 392 ships lying at anchor as slumping cargo flows force carriers to suspend liner services.The jobless figure, up from 303 vessels totaling 800,000 TEUs two weeks ago, represents 8.8 percent of the world fleet, the highest recorded in container


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