'Tariff madness' will prompt renegotiation of ocean shipping contracts
Today’s “absolutely nuts” container shipping market will spur contract renegotiations, as rates and minimum quantity ...
MSC’s phenomenal growth over the past two years has largely been driven by acquisition of second-hand containerships, while rival CMA CGM is the most aggressive charterer of tonnage.
According to Alphaliner data, MSC has purchased an armada of 306 containerships, with a capacity of 1.2m teu, since August 2020 and, with its newbuild deliveries, will reach a fleet capacity of 5m teu this month, and will shortly thereafter stretch the gap to second-ranked carrier Maersk to more than a million teu.
The ...
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