News / Vessel charters get longer and more costly as carriers continue to hunt tonnage

default_image
© Khunaspix Dreamstime.
By

Containership non-operating owners (NOOs) have locked-in ocean carriers for long-period charters at vastly inflated daily hire rates, with the longest reported contract extending to 2039.

Shipping lines are taking on millions of dollars in forward charter commitments on vessels well beyond the delivery dates of large ...

Daily News from £12 / mo  ·  includes Daily News
Subscriber Access

This is a Daily News Story

For uninterrupted access, sign in, subscribe or upgrade to The Daily News. For as little as £12 / month (£100/year), we can get you into the room where the big decisions are made.

Forgot?

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    Charter parties Cosco Costamare Danaos Global Ship Lease Maersk MSC Playing the asset game Seaspan