The charter market for larger containerships has practically dried up, enabling a handful of owners to reap top rates.

The shortage of vessels is in part a result of more than 100 boxships being taken out of circulation for scrubber retrofitting ahead of the IMO 2020 deadline on 1 January.

Ciner Shipping Industry & Trading has emerged as one of the beneficiaries in the modern, wide-beam neo-panamax segment.