Charters rates for smaller feeders below 3,000 teu continues to be under the
most pressure with rates noticeably declining over the last 2 weeks as ready
tonnage continues to build up in Asia. There has been several reports of deals
failing on
subjects across all sizes, with demand waning as freight markets continued to
weaken.
MSC has taken over its 349th resale unit since 2020 with the 1,740 teu X-PRESS
COTOPAXI (renamed MSC PAXI II) joining the fleet. Chinese and Russian buyers
remain activ