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Container Shipping lying idle

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Posted on September 28, 2012

It is estimated that about 41% of the world’s idle container fleet is laid up in China, South Korea and Russia while 27% is laid up off Vietnam, Thailand, Malaysia and Indonesia.

A record number of ships are lying idle due to the recession in world trade, amounting to about 2.6% of the world fleet. This has had a detrimental effect on freight rates.

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