Gemini’s hub-and-spoke strategy will ‘fuel demand for feeder vessels’

Non-operating feeder containership owner MPC Containerships (MPCC) said this week it was “looking forward” to the Gemini vessel-sharing cooperation between Maersk and Hapag-Lloyd, as it could “fuel demand” for feeder ships.

Nevertheless, longer-term there could be challenges for containership owners if ocean freight rates collapse in the coming quarters.

Indeed, analysts at MSI have flagged up the toxic mix of weak demand and a rush of newbuild deliveries as a concern for the containership charter market, particularly for the smaller sectors. Read more at The loadstar