News / Soft market sees Zim forced off-course and offload surplus capacity

© Darryl Brooks

Zim, the fastest-growing ocean carrier in the past six months, is now heading in the opposite direction and has agreed a series of charter off-hires and sub-lets to reduce its exposure to the challenging market.

Indeed, a broker contact told The Loadstar recently he was seeing “a flood” of sub-lets hitting the containership charter market, as carriers endeavoured to cut costs in a continuing soft demand market.

Zim tops Alphaliner’s half-year capacity changes table with fleet growth of 13.3% since January, narrowly ...