News / Yang Ming set to make huge profit from sub-letting charter to Maersk

The red-hot containership charter market has spawned an unusual sub-let deal between alliance rivals Yang Ming and Maersk.

Maersk is to take over the charter of the 10,114 teu Express Berlin from Yang Ming for a period of 12-14 months, paying the Taiwanese carrier an average of $126,000 a day.

But when Maersk can actually take over the charter remains to be seen, as according to vesselsvalue.com AIS data, the vessel is currently awaiting a berth at Los Angeles.

The 2011-built vessel (formerly Hanjin ...