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Container upturn extends shipowners' contracts by several years

Major owners of container ships, including Seaspan and Danaos, sign significantly longer contracts with carriers that are desperate for capacity in the extraordinary freight market, writes Alphaliner.

Photo: PR / Dietmar Hapenpusch / Port of Hamburg Marketing Association

The massive shortage of vessel capacity in the container market is ensuring strong cash flow for shipowners for years to come.

Non-operating owners (NOOs) – shipowners that solely charter out vessels – currently sign long contracts with carriers that are desperate to amass as much capacity as possible for as long as the market keeps roaring ahead at record-high rates.

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