London, United Kingdom, – (June 23, 2020) — Rates surge 40% as lines hoover up vessels
Charter rates for big boxships have surged by 40% in recent days.
A chartering spree by Mediterranean Shipping Co (MSC) has seen several 8,500-teu vessels taken from the market on period.
The Swiss charterer has taken a handful of vessels for 12 to 24 months in a swoop that has left other charterers of large boxships out in the cold.
The chartering raid has benefited some tonnage providers, including US-based Seamax Capital Management.
About Seamax Capital Management:
Seamax is an independent investment management firm which provides institutional investors with unique opportunities in the maritime sector, investing in long-lived, revenue generating, physical assets that are vital to global trade. Founded in 2012, the management team has more than 100 years of combined investment and operational experience with transportation-related assets such as containerships, tankers, bulk carriers, offshore, containers and maritime infrastructure.
Seamax Capital Management LLC
Tel.: +1 (203) 487-6700