North European feeder operators are downsizing their fleets to mitigate the impact of falling demand from ocean carrier customers.
One Hamburg-based broker told The Loadstar yesterday there were “very few extensions” being negotiated in the sector.
“Since the end of April, most of my discussions have been related to off-hire dates,” he said, “it’s not even about the daily hire rate as the feeder guys just do not have enough business coming through to …

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Source: The Loadstar