World fleet of idle vessels sinks to lowest since October 2011
Global idle containership fleet, bigger than 500 TEU, has reached its lowest level since October 2011
The idle fleet stood at 182 units, aggregating to 387,000 TEU and representing 2.3 per cent of the total number of containerships.
It said that the main group of vessels without employment would be those below 5,000 TEU. Meanwhile, the number of idle postpanamax vessels has dropped to four and include two sister ships of the 7,041-TEU MOL Comfort that sank in the India Ocean in June after its hull broke in two and a fire broke out on board.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.