Shipping lines are sub-letting tonnage to profit from firm charter market
Charter rates continue to defy the freight market, with HMM sub-letting a chartered vessel to ...
Photo: © Chris Van Lennep |
Dreamstime.com
By Mike Wackett
The prospect of new employment for smaller containerships with expiring charters is deteriorating at pace, with owners now facing the prospect of lengthy idle periods for their tonnage.
Moreover, open tonnage lists are being swelled by sub-lets, where long-term charterers of surplus vessels endeavour to mitigate ...
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