Charter rates continued to slide for the smaller sizes, with prompt tonnage
readily available in the 1,100 and 1,800 teu segments with a number of
newbuildings due in the next 3 months still uncommitted, while sublet candidates
have increased. Zim in particular has been actively reducing its charter
commitments, through both sublets and charter terminations. 2 ships have already
left in July, with several more to be redelivered in the coming month. Activity
in the larger sizes is still limited,