APL is facing a huge loss on a series of panamax boxship relets.
The liner division of Singapore’s NOL group has sublet three modern panamaxes for $20,000 per day less than what it is paying a German shipowning company.
The 4,730-teu APL Atlanta and APL Los Angeles (both built 2008) have been taken by Mediterranean Shipping Co (MSC) at knock-down rates of just $6,350 per day, say brokers.
The
