In report Monday, Alphaliner said Maersk has nearly 132,000 TEUs of capacity shelved, while Hanjin has 103,000 TEUs idled. However, given that Maersk's fleet is more than four times the size of Hanjin (in terms of container slots), the Korean carrier has a much higher percentage of its capacity idled (23.8 percent) than Maersk (6.4 percent).
Rounding out the top five of the biggest idlers are 'K' Line, Zim and Hyundai Merchant Marine. Those three are all outside of the top 10 in terms of capacity, making the percentage of capacity they've laid up all the more significant.
Only MISC Berhad, which recently dropped out of the Asia/Europe trade lane, is idling a higher percentage of its fleet than Hanjin. MISC has laid up 41.6 percent of its fleet, but the Malaysia-based carrier is no longer one of the world’s top 20.
Overall, 11.6 percent of the global fleet is idled, representing 1.5 million TEUs.
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.
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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