Inactive tonnage as a percentage of the overall container fleet is now at its highest level in two years, according to Alphaliner, the latest in a wide-ranging series of data points highlighting the sector’s swift change in fortunes.
The proportion of inactive tonnage still remains very low historically, Alphaliner pointed out in its latest weekly report, but has shown consecutive monthly growth since August.
Liner CEOs are still digesting the latest forecasts from the International Monetary Fund (IMF), which is now projecting that a third of the global economy will contract in 2022 or 2023, with the US, EU, and Chinese economies forecast to continue to stall.
“In short, the worst is yet to come, and for many people 2023 will feel like a recession,” the IMF warned.
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Reference: Sam Chambers, "Inactive boxship levels hit two-year high", Splash247.com, Oct 20 2022