MSC on ‘Massive Buying Spree’ Amid Surging Charter Rates

Containership S&P activities dominate the week’s transactions with many ships changing hands, and freight and charter rates surging.
Mediterranean Shipping has embarked on a massive buying spree of secondhand containerships with the purchase of six German boxships for an en bloc price of $158m.
MSC has reportedly purchased the boxship Baltic East for $12m while Braemar ACM links MSC with the acquisition of the 5,624 teu boxship Greenwich Bridge.
The secondhand bulker sale and purchase market...