charter market

Conversions And Charter Extensions for Bulk Santiago And Bulk Shenzhen

Credits: Artur Voznenko/ Unsplash
  • Following the fixed rate charter period, both time charters have been extended with 8-13 months index-linked charters.
  • For Q1 2023, 2020 Bulkers has four vessels fixed at an average rate of US$17,069, gross, as well as a floating scrubber benefit for one vessel. 
  • The Company maintains 100% floating rate exposure to the normally seasonally stronger market from the second quarter onwards.

2020 Bulkers has converted the index-linked time charters for Bulk Santiago...

https://mfame.guru/conversions-and-charter-extensions-for-bulk-santiago-and-bulk-shenzhen/

Maersk Charters Last CSAV Boxships

According to an article published in Splash247, the last boxships with the prefix of CSAV, a Chilean liner brand, are set to be renamed by Maersk.

Maersk Charter

Four 8,600 teu ships – the CSAV Tyndall, CSAV Toconao, CSAV Traiguen and CSAV Trancura – controlled by Zodiac Maritime and Eastern Pacific have been sold and chartered on to Maersk for a period of in excess of 40 months. No details on the sale prices nor the charter rates have been revealed.

The first three ships have been sold to to JP...

https://mfame.guru/maersk-charters-last-csav-boxships/

Demand Surge in Container Shipping Depletes Charter Market

The unexpected demand recovery in the container shipping sector driven primarily by the US-based demand surge has seen the charter market depleted of available capacity, reports Offshore Energy.

Increase in delays due to demand upturn

The demand upturn has lead to increasing delays and heavy port congestion impacting schedule reliability.

“Labor shortages and work interruptions in certain ports and various inland bottlenecks exacerbate the situation. As a consequence of this ships are waiting in...

https://mfame.guru/demand-surge-in-container-shipping-depletes-charter-market/

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...

https://mfame.guru/msc-on-massive-buying-spree-amid-surging-charter-rates/

Charter Market Sees Massive Growth and Expansion as Hire Rate Peaks

  • The strength of demand for tonnage from the liners has resulted in daily hire rates of up to $20,000 a day, nearly 200% higher than the market rate at the start of the pandemic.
  • Charter rates soar with idle tonnage slumping from around 1m teu just a month ago.
  • The strong cargo demand on many routes,  the shortage of larger tonnage, and short employments are driving this growth.
  • However, the sustainability of demand remains a question, considering the state of the world economy and the...

https://mfame.guru/charter-market-sees-massive-growth-and-expansion-as-hire-rate-peaks/

MSC 11-Vessel Raid on Long Time Charters

  • MSC takes advantage of the depressed charter market agreeing to snap up eleven 8,000-8,800 teu utility vessels on long-term charters at discounted rates.
  • The charters have been agreed at daily hire rates of less than half the $29,000 fixtures made prior to the pandemic.

MSC quick off the mark in 11-vessel raid on depressed charter market, writes Mike Wackett for the Loadstar.

MSC takes advantage of charter market

MSC is the quickest carrier to take advantage of the depressed charter market,...

https://mfame.guru/msc-11-vessel-raid-on-long-time-charters/

No Vessels To Carry Tonnage, Charter Market Suffers Extreme Condition

The coronavirus is impacting the boxship market like never before, reports the LoadStar.

With the major east-west liner tradelanes grinding to a halt due to the impact of coronavirus on manufacturing and transport, in China the box ship charter market is starting to feel the pinch.

Blank Sailing Increase

According to the latest Alphaliner review, ocean carriers are endeavouring to redeliver as much tonnage as possible to owners as the number of blanked sailings increases daily.

Carriers Idle at...

http://mfame.guru/no-vessels-to-carry-tonnage-charter-market-suffers-extreme-condition/

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