Far East of Russia. East (Japan) Sea.
By Mike Wackett
Containership owner Seaspan had a good year in 2019, as its fleet of 112 vessels enjoyed improving charter rates and extended time charters with its ocean carrier clients.
Seaspan rode on a ’win-win’ ticket of a shortage of tonnage due to the vast number of ships being dry-docked for scrubber installations, and thus was in the driving seat for charter party negotiations.
Carriers are now in big trouble due to the coronavirus outbreak that has stymied Chinese production, resulting in a mass ...
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