Maersk Line Tops the Idlers League Table

Press Release
Thursday, November 15, 2012
Idle Maersk Container Ships: Image credit Maersk Line

Among container Carriers, Maersk Line currently has the largest number of vessels idle.

A report by shipping analyst Alphaliner (Vol. 2012, Issue 46) reveals Maersk Line as the carrier with most vessels idled, currently 14 units with an aggregate capacity of 94,000 TEU.

This development spearheads a recent surge in idling across the industry. “The idle containership fleet of above 500 TEU have swelled by 96,000 TEU in the last fortnight to reach 762,000 TEU or 4.7% of the current cellular fleet as at 5 November,” states the newsletter.

“24 units of above 5,000 TEU are currently idle,” says Alphaliner, “compared to only two such units in early September.” The share of idle fleet for shipping companies has increased to 35%, compared to only 15% in September, states the report.

Erik Rabjerg Nielsen, Maersk Line’s Head of Scheduling and Deployment, explains that “the primary reason for the latest surge in idling is the removal of the AE9 service from the Far East to Europe, currently on hold until at least the end of November. 10 vessels have been pushed out from here.”

“We are continuously managing our capacity to meet market demands,” he says. “Especially on Asia-Europe we are adjusting down to ensure that we have a cost-efficient network which enables us to serve our customers in a competitive manner.”

This echoes comments made by A.P. Moller - Maersk Group CEO Niels Smedegard Andersen in connection with the third quarter financial results.

“If you can’t fill your vessels, of couse it is better to reduce your capacity. At least you save the cost. It is much better than going out in rate decreases,” he said on 9 November. “We have pulled quite a bit of market capacity out, so we definitely feel that we have done our share, having seen good results from it and now we expect others to behave responsibly as well.”

In the toolbox for capacity management are several options for handling redundant vessels, Erik explains. “We can keep them om standby if we want to be able to deploy them again quickly. We can return leased vessels to their owners; we have done this for 71 vessels during the last few months. We can re-let them to other carriers who have needs for them. And finally we can idle vessels, realising substantial cost savings on daily running expenses.”

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

IMO Assembly Elects New 40-Member Council

The Assembly of the International Maritime Organization has elected the following States to be Members of its Council for the 2014-2015 biennium:    Category

Windrock Names Kelleher Global Business Development Manager

Edward P. Kelleher will be assuming the new role of Global Business Development Manager – Diesel, effective December 1st.   In this role, Mr. Kelleher will be

Canada to Aid Developing Nations Fight Climate Change

Canada will provide aid to developing countries to combat climate change, Prime Minister Justin Trudeau announced on Friday ahead of talks on global warming,

Container Ships

Groundbreaking Ceremony for Seaspan's Vancouver Office

Seaspan hosted a groundbreaking ceremony today to announce it has officially started construction on a new head office in North Vancouver. The 7,800 square metre (84,

SSA Welcomes Decision To Extend BEO

The Singapore Shipping Association (SSA) has welcomed the decision by Singapore’s Minister for Trade and Industry to extend the Competition (Block Exemption

Evergreen Line Orders Ten 2,800 teu Ships

Taiwanese shipping company Evergreen is ordering ten 2,800 TEU container ships from Japanese shipbuilder Imabari Shipbuilding Co.,Ltd and compatriot CSBC Corporation.

Maritime Careers / Shipboard Positions Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1569 sec (6 req/sec)