NON-OPERATING containership owners are increasingly concerned that an historically high orderbook will have a negative effect on their bottom lines. A lengthy list of newbuildings is due to be delivered in the next two to three years, while benchmark time-charter rates have plunged 80 per cent in the past two months. Nevertheless, new charters are still being agreed at daily hire rates of about twice that achieved before the Covid crisis. Moreover, non-operating containership owners (NOO) have...
https://www.seanews.com.tr/non-operating-box-ship-owners-fear-glut-of-new-tonnage/195042/