Cheap charter rates give HMM’s new panamax service a competitive edge

With Hyundai Merchant Marine (HMM) about to launch an Asia-North Europe service deploying panamax-size vessels, maritime consultant Drewry has debunked the theory that unit slot costs on bigger ships will always work out cheaper.
HMM surprised the industry with its pledge to offer a weekly loop to North Europe outside its slot charter agreement with 2M partners Maersk Line and MSC.
However, the sustainability of the South Korean carrier’s bold move has been …

The post Cheap charter rates give HMM’s new panamax service a competitive edge appeared first on The Loadstar.

Source: The Loadstar

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