News / Feeder operators look to downsize fleets as demand for services falls

North European feeder operators are downsizing their fleets to mitigate the impact of falling demand from ocean carrier customers.

One Hamburg-based broker told The Loadstar yesterday there were “very few extensions” being negotiated in the sector.

“Since the end of April, most of my discussions have been related to off-hire dates,” he said, “it’s not even about the daily hire rate as the feeder guys just do not have enough business coming through to justify the number of ships they are operating.”

According to the ...