News / Liners pay the price as smaller owners exploit demand for charter tonnage

Zhong Gu Shan Dong Photo: VesselFinder

French carrier CMA CGM is reportedly paying $80,000 a day to charter one of TS Lines’ newly built 7,000 teu ships for three months.

The fixture of the TS Dubai, recently delivered from Shanghai Waigaoqiao Shipbuilding, set a new rate benchmark – in normal times, it would command half that rate, for a longer period.

Observers suggest that more small and mid-size operators are becoming tonnage providers to the mainline operators, as they can earn more by letting out their vessels as ...