Updated: Jun 16, 2020
The inactive containership fleet has surged to a new record of 524 units for 2.65 MTEU as at 11 May, surpassing the previous high of 2.46 MTEU at the beginning of March this year. The inactive fleet currently account for 11.3% of the total containership fleet capacity.
There are still some 71 units for 659,600 TEU that are currently included in the inactive fleet count that are undergoing scrubber retrofits. If these ships are excluded, the effective inactive capacity is also at an all-time high of 1.99 MTEU, which surpasses the previous peaks of containership inactivity in 2009 and 2016.
The inactive fleet is expected to continue to climb in the coming weeks, with the impact of the blanked sailings due to the COVID-19 pandemic still to be fully reflected in the ship idling numbers. All size segments have been hit by the depressed demand, with both the inactive non-operating owner-controlled ships in the sectors below 10,000 TEU and carrier-controlled ships above 3,000 TEU all on the rise.