Cyprus shipowner earns record fee in single voyage

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Cyprus shipowner earns record fee in single voyage
 © CyprusMail 2021
A Cyprus-based shipowner has managed to regain almost a sixth of their ship’s value in a single voyage due to the frenetic global container market and the resulting soaring rates.

The shipowner, Cyprus Sea Lines, were able to lease container ship S Santiago to a forwarder for an eye-watering $135,000 per day.

Although the figure was not confirmed, with a ballpark figure of somewhere between $100,000 and $145,000 being provided, shipping industry sources put the exact fee at the aforementioned amount.

“An industry source speaking to American Shipper on condition of anonymity said the rate...


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Cyprus shipowner earns record fee in single voyage


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