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© Stuart Miles

Containership owners are increasingly concerned that an historically high orderbook will have a negative effect on their bottom lines.

A lengthy list of newbuildings is due to be delivered in the next two to three years, while benchmark time-charter rates have plunged 80% in the past two months.

Nevertheless, new charters are still being agreed at daily hire rates of about twice that achieved before the pandemic.

Moreover, NOOs (non-operating containership owners) have significant revenue backlogs from unexpired long-term charters with liner companies.

Greece-based ...

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