Anyone got a ship for an east-west service? Carriers scramble for tonnage
Ocean carriers are “scrambling for any tonnage” to provide additional capacity on east-west services, but ...
Zim’s decision, in the midst of the pandemic, to upgrade its fleet capacity via the long-term (10 years-plus) charters of a series of newbuild vessels is beginning to look like a masterstroke.
Perhaps it was vision, perhaps it was merely good luck… whatever, the fortuitous/visionary strategy to reduce its exposure to the time-charter market through the one way that didn’t involve actual ownership of the ships will see its risk exposure to rising vessel costs substantially reduced.
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