News / Seaspan expands its charter business into booming PCTC sector

Artists impression of PCTC. Credit Guangzhou Shipyard International

Non-operating containership owners (NOOs) are expanding their activities into other shipping sectors to cushion themselves from falling box ship charter rates.

Supply is expected to considerably outpace demand in container shipping in the next few years, and that will have a negative impact on daily hire rates for chartered tonnage.

And the bleak outlook has prompted shipowners to look at other sectors of shipping for expansion.

Seaspan Corp, jointly owned by Japanese ocean carrier ONE, ...