Through its brokers, Zim has made it known to containership owners that it is prepared to outbid competitor lines to secure charter tonnage. According to Alphaliner, the Israeli carrier “has been the most aggressive charterer in the past 12 months”, having concluded over 120 fixtures of existing and newbuild tonnage. “What owners are...
Evergreen and Yang Ming are not following the contractual stance of rival operators, including Maersk and Cosco which are locking-in customers to multi-year contracts The two Taiwanese carriers believe they should not bind their customers. Yang Ming president Patrick Tu said: “We have to consider customers’ wishes. They may think freight rates may not...
Ocean carriers face ‘Hobson’s choice’ on the containership charter market: agreeing to owners’ hugely inflated daily hire rates or risking losing the vessel to a competitor. Hapag-Lloyd has just agreed a three-month charter commencing in January of the 4,253 teu Synergy Oakland for an eye-watering $130,000 a day from Greek non-operating owner...
Transpacific carriers have reacted to a robust demand outlook and record container spot rates by deploying extra loaders on the tradelane. With October advance vessel load data for the port of Los Angeles running 30% to 34% higher than last year, carriers are also looking at more permanent network upgrades on the...
