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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Nina Østergaard Borris takes over as USTC's CEO

Danish billionaire Torben Østergaard-Nielsen passes the position as CEO of USTC to his daughter Nina Østergaard Borris. ”A joint decision by the ownership,” Østergaard-Nielsen tells newspaper.

Further reading

Related articles

Latest news

See all jobs