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Maersk Line defers delivery of new container ships to prop up cashflow

From The Loadstar:

Maersk Line is to postpone delivery of nine newbuild 14,000 teu ‘utility’ ships with the last vessel to be received at the end of 2018, instead of at the end of this year.

Maersk Line says it does not need the ships as it is able to charter vessels of this size easily and cheaply in the current depressed market, and has recently taken on long-term charter six former Hanjin-operated 13,100 teu vessels at a fraction of the daily hire rate the South Korean carrier paid.

More at The Loadstar

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