SeaLead Shipping has continued its chartering spree as it plots growth into new trades.

The Singapore-based liner operator has taken another large boxship from Greek owner Danaos at a sharply reduced rate.

The 5,600-teu Suez Canal (built 2002) has been fixed for up to 12 months at around $25,500 per day, reflecting a sharp fall from the peak of the market in the third quarter of 2021, when it could have obtained around $60,000 per day for a four-year charter, according to shipbroker Braemar.