News / High charter termination rates force some liner operators to run at a loss

Severe early termination penalties on charters have seen a number of smaller carriers continue to offer services on both the Pacific and Asia Europe trades according to one analyst.

Linerlytica analyst Tan Hua Joo said that despite the reversal in freight levels, many new entrants on long-haul lanes were persisting with unprofitable services.

Linerlytica believes the cancellation by Chinese liner operator CU Lines of its vessel-sharing agreement with compatriot state-controlled peer Antong Holdings after just six months, and ahead of the original ...