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Containership owners are in conflict with ocean carriers over fixture extensions for larger tonnage
Posted on June 6, 2022 |
- The 8,814 TEU, Northern Jasper is one of 10 vessels, which was deployed on Zim’s ZCP, Maersk’s TP10, and MSC’s Amberjack Asia to the US east coast Panama loop, which was extended for just one more round-trip at a $175,000 a day.
- However, Zim raised its charter contract for one more round as a filler until larger vessels chartered by Zim enter the service.
- The 2009-built post-Panamax ship, Northern Jasper completed a 9-month time charter with the Israeli carrier at a daily rate of $135,000, but before that, it ship had been on charter to Zim for 2 years at a maximum rate of $29,000 a day.
- In Q1 earnings, Zim informed that the moderate remaining charter duration across its 130-vessel fleet was 28 months, but the carrier confirmed that it operated 11 ships where charters were due to expire by the end of the year.
- There were 28 ships with charters expiring the next year, and 34 ships with time charters expiring in 2024.
- Many lines having a number of ships in the fleet, with expiring charters, will face the difficulty of agreeing to hand the vessels back to owners and conceding market share, til carriers start to get newbuilds in the course of next year.