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Maersk fixes 22 classic panamaxes in the space of just one month

Maersk fixes 22 classic panamaxes in the space of just one month

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Maersk has been on a “fixing spree” of classic panamaxes, according to the latest weekly report from Alphaliner.

Alphaliner has Maersk fixing no fewer than 22 ships of 4,000 teu to 5,299 teu since the second half of October with more charter deals due to be fixed soon.

“This unprecedented fixing spree has given a much needed boost to the classic panamax segment, with the availability of spot ships drastically falling from 27 vessels to only 11 ships,” Alphaliner reported.

However this spate of fixtures has had so far no positive impact on charter rates, which have, ironically, weakened further.

Up to a dozen classic panamaxes are expected to be re-delivered by mid-December, a usually slack time for the charter market.

 

 

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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3 Comments

  1. Andy
    November 23, 2017 at 5:25 pm

    What is a “fixing spree?”

  2. Maria
    November 26, 2017 at 11:31 am

    asking same as Andy. fixing prices or literally fixing the ships at a shipyard?

    1. Sam Chambers
      Sam Chambers
      November 28, 2017 at 9:17 am

      fixing the charterting of them