Analysts expect Greece’s Navios Maritime Partners to walk away from container ship charters to HMM in search of better rates.
The Angeliki Frangou-led company has five 2006-built, 6,800-teu panamaxes fixed to the South Korean operator until the end of 2023.
But the deals come with options for a further five years at $21,000 per day.
“While the five-year options provide valuable downside protection, we expect Navios Partners to walk away from these and opt for forward fixtures this year,” analysts Peder Nicolai Jarlsby, Erik Gabriel Hovi and Ulrik Mannhart said.
