Amidst the high demand for ships, charter rates have soared to $150,000 per day, reflecting the buoyant market, a trend which has been embraced by Maersk, which has agreed to charter TS’s 7,000 TEU newbuild, Kota Valparaiso, for three months. This follows CMA CGM's recent record-setting charter of the sister vessel, Kota Callao, for $100,000 per day, underscoring the increasing value of these vessels.
Following their short-term charters with CMA CGM and Maersk, these ships will enter long-term charters with Pacific International Lines, showcasing sustained demand. Even earlier, CMA CGM had chartered TS Lines' TS Dubai for $80,000 per day, highlighting the ongoing positive trend.
TS Lines initially commissioned these ships to expand into long-haul routes during the peak of the Covid-induced market. Despite market corrections, these vessels have found lucrative opportunities, with potential deployment on Asia-South America services where rates have nearly reached two-year highs. |