Container-ship lessors represent one of the most crowded segments in the U.S.-listed shipping arena – and one of the most highly leveraged to COVID-19.
Such owners, known as “tonnage providers,” lease vessels for varying lengths of time to liner companies, which use chartered ships to complement their owned fleets.
If global consumer demand rebounds robustly, stocks of tonnage providers should surge. If there’s an extended downturn, they face years of pain.
Liners have heavily “blanked”...
https://www.freightwaves.com/news/box-ship-owners-in-crossfire-as-liners-slash-service
