 Maersk Charters Newbuild for Record $150,000 Per Day |
Source |
American Shipper |
Post Date |
07/01/2024 |
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Maersk Charters Newbuild for Record $150,000 Per Day As liner operators become desperate for ships, ter rates have hit the $150,000/day mark.
Maersk Line has agreed to pay this to ter Taiwanese regional carrier TS Lines?7,000 teu newbuilding Kota Valparaiso for three months.
Just two weeks ago, CMA CGM tered its sister vessel, Kota Callao, for $100,000/day, itself a record, then. After being employed by CMA CGM and Maersk, they will a long-term ter with Pacific International Lines. Last month, CMA CGM took another of TS Lines?7,000 teu ships, TS Dubai, for $80,000/day for three to four months.
TS Lines commissioned the ships from Shanghai Waigaoqiao Shipbuilding during the Covid-induced peak, inting to expand into long-haul routes. However, when the market corrected last year, some of the vessels were tered-out.
Maersk and CMA CGM could assign the vessels to their Asia-South America services, where rates have hit near two-year highs.
Meanwhile, Linerlytica said today the 1.62m teu of newbuildings delivered so far this year had been fully absorbed by the market, after the Red Sea crisis caused operators to divert round the Cape of Good Hope, effectively removing more than 1.6m teu from the market since December.
The consultancy said: ?here remains a shortage of ships globally, with freight and ter rates continuing to surge ahead as the market enters the traditional summer peak season. Overall, ter rates continue to set new benchmark highs across all size segments, with fixture periods also rising in tandem. Carriers are forced to pay substantial premiums on shorter-term ters.?
Logistical bottlenecks are another factor in the tight vessel availability. Linerlytica estimated that the recent increase in port congestion has taken out a further 500,000 teu from circulation, as the active fleet currently stands at just over 25m teu, below the 25.5m teu at its December peak.
Global port congestion remains elevated with the situation at South-east Asian hubs, particularly Singapore and Port Klang, remaining challenging. Last week, there was 2.5m teu of ships queueing for berths worldwide, accounting for 8.4% of the global fleet. And the bunching of ships arriving from Asia has caused more berthing delays in northern Europe, particularly Rotterdam.
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