Carriers looking to fix charters long-term as IMO 2020 squeezes ship supply

Non-operating containership owners Seaspan and Danaos have reported “positive supply side-effects” from the IMO’s 0.5% sulphur cap on vessels, coming into force next January.
Indeed, a zero orderbook for container tonnage under 10,000 teu, combined with more ships being taken out of service for scrubber installation, has resulted in a significant tightening of supply in the boxship charter market.
The world’s largest independent owner, Seaspan, said it expected scrubber programmes to run …

The post Carriers looking to fix charters long-term as IMO 2020 squeezes ship supply appeared first on The Loadstar.

Source: The Loadstar

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