The absence of open containerships on the charter market has resulted in carriers being forced to conclude fixtures months into the future, says an article published in The loadstar.
Long bull-run for the liner industryMoreover, the duration of time-charters has lengthened considerably, it is becoming increasingly common to see terms agreed for 24 or 36 months as carriers gamble on a long bull-run for the liner industry.
OOCL
For example, OOCL has just concluded a 36-month extension of the 8,533...
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