Charter rates are weakening as tonnage availability is starting to pick up. In
the Bangkok-max sector, the number of vessels available spot (less than 14 days)
are at the highest levels in over a year, with rates falling in tandem.
SFL was forced to accept a reduced rate of $23,000/day for the 1,740 teu GREEN
ACE on a short fixture to Aladin Express after Allseas defaulted on its charter
commitment on the ship at short notice. The ship was originally to join Allseas
on its Asia-Europe service a