Live Breaking News & Updates on Northern Promotion
Stay updated with breaking news from Northern promotion. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Messina buys boxships and sells conros in tilt to container sector tradewindsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradewindsnews.com Daily Mail and Mail on Sunday newspapers.
Anchorages full as LA/Long Beach boxship queues approach record levels freshplaza.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freshplaza.com Daily Mail and Mail on Sunday newspapers.
By Mike Wackett (The Loadstar) Ocean carriers are becoming increasingly confident that freight rates will remain high for years and are still chartering ships for lengthy periods at elevated daily hire rates last seen 16 years ago. Alphaliner reports that Maersk has just fixed a trio of 4,600 teu handy classic panamax vessels for periods of 24 to 27 months at a staggeringly high rate of $35,000 per day. The consultant noted that the last time a panamax containership achieved this rate level was in 2005. Indeed, the 2009-2010 built Northern Promotion and Northern Precision managed by Hamburg-based V Ships would have struggled to achieve $5,000 per day just five years ago, when the days of the hitherto workhorses of the liner industry looked numbered, due to the economies of scale offered by bigger ships. ....