MSC in terminal switch as Nhava Sheva gets strong start to new fiscal year
The Phase 2 launch of PSA International operations in India’s Nhava Sheva (JNPA) port is ...
By Mike Wackett
The absence of open containerships on the charter market has resulted in carriers being forced to conclude fixtures months into the future.
Moreover, the duration of time-charters has lengthened considerably, it is becoming increasingly common to see terms agreed for 24 or 36 months as carriers gamble on a long bull-run for the liner industry.
For example, OOCL has just concluded a 36-month extension of the 8,533 teu Seamax Stratford at $38,500 a day.
According to vesselsvalue.com data, prior to the OOCL charter, ...
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