Shipping

Nani Alvez
15.01.2021 kl 07:01 6789

«The absence of open containerships on the charter market has resulted in carriers being forced to conclude fixtures months into the future.

Moreover, 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.

For example, OOCL has just concluded a 36-month extension of the 8,533 teu Seamax Stratford at $38,500 a day.

According to vesselsvalue.com data, prior to the OOCL charter, the 2006-built ship was on hire to MSC at a daily hire of $22,000 a day and, in 2016 was on hire to Maersk at just $8,250.

One broker source told The Loadstar there had been a lot of interest in the ship, with his line to carrier interests “ringing off the hook”.

“All the main players wanted the ship and were prepared to pay over the market [rate] to get it, but OOCL was in the driving seat as it had an option for an extension,” he said.

“Despite having the option, they had to agree a three-year deal to secure the ship and take the risk of locking-in the charter at today’s rate,” he added.

Alphaliner said charterers had “little alternative but to accept terms offered to them”. These could include positioning costs for the ship, extra payments depending on cargo intake and bonuses to the master and crew.

Another notable long-term charter has been concluded by Israeli carrier Zim, which has fixed a 24-month charter for the 4,250 teu 2011-built panamax Spyros V at $22,750 a day. This is the vessel CMA CGM took on a six-month charter in 2019 at $10,750 a day.«
Redigert 21.01.2021 kl 08:26

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