Zim signs long-term charter deals for ten new 11,500 teu ships
Israeli container shipping line Zim has announced long-term charters for a series of ten new ...
Container Ship at port of Novorossiysk, Russia. © Zhannaprokopeva
By Mike Wackett
Ocean carriers have been quick to redeploy intra-Europe tonnage from Russian services to regions where capacity is in short supply.
However, any surplus tonnage will likely find its way onto the charter and/or S&P market where there is significant demand.
According to Alphaliner data, carriers have withdrawn some 10,000 teu of weekly capacity after international sanctions forced the suspension of most Baltic services to Russia.
“Vessels that have become redundant in the Baltic trade are more than welcome on transatlantic routes, where several ...
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