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Maersk paid USD 39 million to cancel ship contracts

According to Alphaliner, Maersk paid USD 39 million last year to cancel contracts with a German owner for 13 chartered and older ships in a year where the carrier's total capacity grew 12 percent.

Photo: Maersk Line

Last year Maersk Line paid USD 39 million in compensation to the German owner of 13 container ships, MPC, that Maersk had taken on long-term charter but which the carrier opted to return to the owner two months before the contracts expired, reports Alphaliner on Tuesday in a survey of the biggest container carriers' fleet changes in 2014.

The return of the 13 older container ships, of around 5,000 teu each, which the German owner subsequently decided to scrap, does in no way indicate that Maersk has not been active in the charter market.

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