Disconnect: time-charters and the freight market
Time to jump off?
In its trawl for tonnage, MSC has been buying vintage containerships ripe for demolition as, thanks to firm freight rate levels, their market value convinces owners to sell rather than to scrap.
For example, this month, the Swiss-Italian market leader took delivery of the 1999 5,652 teu MSC Unity VI, from Taiwanese peer Evergreen. The ship has a current market value of $22.5m, whereas its scrap value is just $14.5m.
The purchase follows that of MSC Floriana VI and MSC Unific VI ...
Volcanic disruption at Anchorage could hit transpacific airfreight operations
Shippers snap up airfreight capacity to US ahead of tariff deadline
New price hikes may slow ocean spot rate slide – but for how long?
Forwarders stay cool as US 'liberation day' tariffs threaten 'global trade war'
Tighter EU import requirements proving 'a challenge' for forwarders
Supply chain delays expected after earthquake hits Myanmar
Looming Trump tariffs will create 'a bureaucratic monster' for Customs
Comment on this article