Container lines still ordering more ships, despite falling spot rates
Liner operators and non-operating shipowners have continued to add to their already swollen orderbooks, despite ...
By Mike Wackett
An IMO 2020-driven recovery in time charter rates for container tonnage has only recently filtered through to the smallest sized segment according to feeder ship owner MPC Container Ships.
This Oslo-listed shipowner posted second-quarter results revealing a net loss of $4.4m for a total loss of $9.6m in the first six months of the year.
The negative result came from a total revenue of $58m in the first half, earned from MPC’s fleet of 39 owned vessels ranging in size from 966 ...
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