Zim – genius or lucky – has no charter market exposure
Everything is a matter of timing
The availability of open container tonnage on the charter market tightened further in the first week of the year.
Desperate ocean carriers are forced to forward fix ships six months or more in advance, for periods of three to five years.
According to Maersk Broker, containership owners are weighing up their options, either to accept multi-year charters at highly elevated daily hire rates, or hold out “with the expectation that the market will continue to firm”.
Maersk Broker said: “Owners could fix their ...
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