Disconnect: time-charters and the freight market
Time to jump off?
Maersk is preparing for an early termination of its 2M partnership with MSC by reinforcing its fleet, most recently fixing two 13,100 teu charters.
The carrier has agreed with non-operating shipowner Danaos to take charge of 2012-built 13,082 teu sister ships Hyundai Ambition and Hyundai Speed for 34 months from next June, at a daily hire rate of $51,500.
The vessels were originally chartered to South Korean carrier Hyundai Merchant Marine (HMM) for 12 years, at $64,918 a day.
However, during HMM’s restructuring ...
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