The erosion in charter rates continue, with further drops expected as the market
slips into the traditional cargo slack season in October. Capacity utilisation
on all key routes are trending lower and this could kill carriers appetite for
further tonnage. SeaLead has chartered its largest ship taking over the 10,114
teu EXPRESS BERLIN from Danaos. COSCO has also received last week the first
7,092 teu newbuilding that it has chartered for 3 years from X-Press Feeders.
Russian operators continue