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Santa’s sleighs lie idle: Alphaliner warns of Xmas record for unemployed boxships

The number of 500+ teu containerships idled will hit a record high by the end of the year, according to French analysts Alphaliner.

A total of 329 ships equivalent to 1.4m teu – equivalent to 7% of the global fleet – were laid up by the end of November, up by 23 ships from a fortnight prior. Laid up ships leapt by 400,000 teu in November are on course to break December 2009’s all time record of 1.5m teu soon. This comes despite a marked uptick in the number of ships being sent for scrap.

“The forthcoming Christmas season will do little to stimulate demand, adding to the market’s overall misery,” Alphaliner warned.

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