Alphaliner says vessel utilization down in last 12 months amid slowing demand
Active container ship capacity around the world is up 10% over the past year, running ahead of cargo demand and putting pressure on freight rates and vessel utilization levels in a lackluster peak season, according to industry analysts Alphaliner.
Carriers have boosted capacity on all routes, with the secondary line haul markets in South America and Africa seeing the largest percentage increases, the container market analyst said. The world’s active fleet reached 14.95 million 20-foot equivalent units on August 1, an increase of 1.33 million TEUs over the past year. Read more here.
