Box lines scramble to secure new containership orders
The containership orderbook ratio now stands at just over 4m teu, or 27% of the ...
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By Mike Wackett
Ocean carriers are squeezing their feeder service providers from both sides: firstly by refusing to entertain contract rate increases, and secondly by turning the heads of shipowners with offers of employment for their vessels.
While most line contracts with commercial feeder operators run until the year-end in Northern Europe, port congestion, higher bunker costs and a massive spike in daily charter hire has forced the shortsea carriers to ask for interim increases and higher minimums.
However, according to a director of one ...
Comment on this article
gunther ginckels
September 09, 2021 at 2:29 pmDeja Vu. When they have the volumes to justify own feederships than fine to charter or own. If not – meaning on low-volumes corridors – they will have to book it with the existing feederoperators. And than history will repeat itself – feederoperators unable to meet their bunker en port cost obligations, vessels arrested in remote ports and cargo owners once again victims of the bottomless lemonsquezing of the Big-5.