Maersk paying $100,000 a day to charter scarce post-panamax box ships
Maersk Line is being forced to pay a premium to secure scarce chartered tonnage for ...
© Stuart Miles
By Mike Wackett
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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