SeaNews: COVID-19 Recovery. Volatility and uncertainty as the New Normal
August 17, 2020
11.6% of the container shipping fleet is now idle and reached a record of 2.72 million TEU by the end of May according to Alphaliner. Amongst the carriers, HMM has the largest idle fleet at 32.9% of the carriers overall capacity. With container shipping demand hammered, stores closed and people losing their jobs it became incredibly difficult to sell their product for every part of the supply chain.