<\/p>\n
With over 250 sailings already withdrawn in the second quarter, the consultant forecasts that the lay-ups will push the idle fleet to a level twice that seen during the 2009 global financial crisis.<\/p>\n
<\/p>\n
\u201cNo market segment will be spared, with capacity cuts announced across almost all key routes,\u201d warned Alphaliner.<\/p>\n
<\/p>\n
\u201cWhile larger ships will be cascaded to replace smaller units on the remaining strings, carriers will be forced to idle a large part of their operated tonnage. This will affect all size segments in the coming weeks.\u201d<\/p>\n
<\/p>\n
In addition to the main Asia-Europe and transpacific trades, carriers have also reduced capacity on the transatlantic, Latin America, Middle-East, Indian sub-continent, Africa and Oceania routes, as up to a quarter of the world\u2019s population is in lockdown and non-essential retailers shuttered.<\/p>\n
<\/p>\n
One carrier source told\u00a0The Loadstar\u00a0<\/em>yesterday he expected \u201cmany more cancellations\u201d to be announced over the next few weeks.<\/p>\n <\/p>\n \u201cWe are going to have to anchor a lot of ships, like the airlines have parked their planes,\u201d he said. \u201cOur visibility, for what it is worth, is showing forward bookings from Asia to North Europe down by over 50%, and it could even be worse than that.\u201d<\/p>\n <\/p>\n THE Alliance today published details of more blank Asia-North Europe, Asia-Mediterranean and transpacific sailings for May and June, \u201cin response to lower market demand\u201d, including merging loops on the North Europe and Middle East tradelanes and the suspension of a transpacific string.<\/p>\n <\/p>\n And the wave after wave of cancelled sailings by the alliances is already starting to impact the containership charter market, as carriers rush to offload as much chartered tonnage as possible.<\/p>\n <\/p>\n Alphaliner said:\u00a0\u201cFor the charter market, contracting demand will mean a rising number of unemployed vessels, with carriers seeking to redeliver tonnage whenever they can contractually do so, in order to adjust their capacities to the reduced cargo volumes. As a result, charter rates are expected to take a hit, especially in the larger sizes.\u201d<\/p>\n <\/p>\n After a lengthy period of strong demand for charter tonnage, mainly due to the retrofitting of carrier-owned tonnage with scrubber technology, daily hire rates came off their peak last month, with all sectors falling by around 10%.<\/p>\n <\/p>\n In particular, ships in the very large sizes of 7,500-11,000 teu proved popular with carriers looking for substitute tonnage, hitting five-year highs and often being flagged as \u201csold out\u201d by containership brokers.<\/p>\n <\/p>\n However, the global coronavirus crisis has brought a sudden end to the good times for owners in the sector.<\/p>\n <\/p>\n \u201cShort-term prospects for this segment appear bleak, with more vessels due to join the unemployment queue, while charter rates are expected to nosedive,\u201d said Alphaliner.<\/p>\n gCaptain<\/p>\n","protected":false},"excerpt":{"rendered":" With over 250 sailings already withdrawn in the second quarter, the consultant forecasts that the lay-ups will push the idle fleet to a level twice that seen during the 2009 global financial crisis. \u201cNo market segment will be spared, with capacity cuts announced across almost all key routes,\u201d warned Alphaliner. \u201cWhile larger ships will be …<\/p>\n","protected":false},"author":1,"featured_media":7666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[4426,4425,982,1973,1280,3848,2647,3088],"class_list":["post-7665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marine-world","tag-alltime","tag-appears","tag-containership","tag-fleet","tag-hit","tag-idle","tag-record","tag-set"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/7665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=7665"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/7665\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/7666"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=7665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=7665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=7665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}