The Red Sea crisis has provided non-operating containership owners (NOOs) with a significant boost to their earnings.
Re-routing liner services around the Cape of Good Hope has increased demand for chartered tonnage, and reversed the declining trend in time-charter rates and periods.
“These recent developments are mitigating the effects of oversupply in the containership market,” said Costamare CFO Gregory Zikos.
“We have proactively secured employment for 95% and 78% of our open days …
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