But idle tonnage is expected to climb in later summer and reach 1 million TEUs again by the end of the year, the shipping research organization said.
The amount of idle tonnage has dropped rapidly over the past six months, Alphaliner said, both because of increased demand and “large scale adoption of extra-slow steaming which has absorbed 550,000 TEUs of extra vessel capacity, or about 4.1 percent of the world fleet.
Alphaliner said 88 services are now extra-slow steaming. For example, it said the CKYH, Grand and New World alliances all announced plans to put transpacific services into extra-slow steaming mode, bringing the number of extra-slow steaming service in the Asia/U.S trades to 31 — 18 to the West Coast and 13 to the East Coast.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now