Charter rates for larger boxships are holding up, but redeliveries and slackening demand are seen as a threat.

That has not prevented Hapag-Lloyd from fixing the 10,114-teu Express Rome (built 2011) for four to seven months at a much-improved rate of $22,250 per day.

The Danaos Corp vessel has been taken by the German liner operator for its services from Asia to the west coast of South America.