The number of idled container ships, which has shrunk rapidly over the past year, is set to increase sharply through the fourth quarter as ocean carriers cull capacity on key routes, a leading industry analyst said.
The jobless fleet, which currently stands at 225,000 20-foot equivalent units, could rise to between 600,000 TEUs and 1 million TEUs by the end of the year, according to Paris-based Alphaliner.