'Cargo collision' expected as transpacific capacity tightens and rates rise
Transpacific shippers keen to take advantage of the 90-day tariff time-out are likely to be ...
By Mike Wackett
The red-hot containership charter market has spawned an unusual sub-let deal between alliance rivals Yang Ming and Maersk.
Maersk is to take over the charter of the 10,114 teu Express Berlin from Yang Ming for a period of 12-14 months, paying the Taiwanese carrier an average of $126,000 a day.
But when Maersk can actually take over the charter remains to be seen, as according to vesselsvalue.com AIS data, the vessel is currently awaiting a berth at Los Angeles.
The 2011-built vessel (formerly Hanjin ...
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