Strong secondhand box ship market now threatened by overcapacity
Unexpectedly strong demand for container shipping and healthy freight rates for much of last year ...
By Mike Wackett
An IMO 2020-driven recovery in time charter rates for container tonnage has only recently filtered through to the smallest sized segment according to feeder ship owner MPC Container Ships.
This Oslo-listed shipowner posted second-quarter results revealing a net loss of $4.4m for a total loss of $9.6m in the first six months of the year.
The negative result came from a total revenue of $58m in the first half, earned from MPC’s fleet of 39 owned vessels ranging in size from 966 ...
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