Disconnect: time-charters and the freight market
Time to jump off?
Undeterred by the threat of additional overcapacity, MSC has ordered a further ten 24,000 teu LNG dual-fuelled vessels from China’s Hengli Heavy Industry shipyard.
MSC has had a voracious appetite for fleet growth in recent months and now has a fleet capacity of 6.27m teu, of which owned tonnage makes up 3.07m, plus an orderbook of some 2.13m teu, including today’s order.
Already with capacity outweighing that of the Gemini Alliance and Ocean Alliance, MSC’s orderbook alone is a force to be ...
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