Container charter market goes ‘from boom to bust’ in four months

Ocean carriers are scrambling to cut costs as the demand for liner services continues to plummet, and the off-hiring of chartered tonnage is top of their agenda.
Hapag-Lloyd chief executive Rolf Habben Jansen said yesterday that the carrier would return a further “small double-digit number” of ships from the 129 it has on time charters.
Representing 40% of its fleet capacity, Hapag-Lloyd’s chartered fleet is relatively low compared with that of several …

The post Container charter market goes ‘from boom to bust’ in four months appeared first on The Loadstar.

Source: The Loadstar

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