Maersk paying $100,000 a day to charter scarce post-panamax box ships
Maersk Line is being forced to pay a premium to secure scarce chartered tonnage for ...
The Danaos-owned CMA CGM Rabelais © Atgimages
By Mike Wackett
Greek containership owner Danaos has painted a gloomy picture for the box ship charter market in 2018.
It says it does not expect a “material improvement in the market environment”.
Danaos is still reeling from the bankruptcy of Hanjin Shipping last September when charter party agreements for 13 vessels ended with several years remaining on the contracts.
As a consequence, Danaos remains in breach of financial covenants on mortgages with RBS and other banks for loans maturing at the end of next year.
Although the ...
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