Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
By Alison Koo
Pacific International Lines (PIL) has chartered one of its ships to Hapag-Lloyd for three years, as the Gemini Cooperation’s tonnage predicament continues.
Clarksons said the 2009-built 4,211 teu Kota Layang has been fixed to the German liner for $35,500 a day for 36-38 months, and EconDB shows Singapore-based PIL has deployed the ship on its China-Vietnam-India service.
High charter rates, seemingly incongruent with downward pressure on freight rates, are driving operators to let out surplus vessels. Maersk, ...
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