Container shipping has gone through the worst market slump in its history of peaks and troughs, but despite the huge downturn in demand and the dilemma of overcapacity, new names are beginning to emerge in the industry, showing there is some faith still that the rebound has already started.
One of the latest newcomers is a container line simply known as The Container Company (TCC).
TCC was set up by Jakob Tholstrup-Moller of Oslo broker company Boxton Maritime, and Franck Kayser, a former Maersk and CMA CGM senior executive, back in the latter stages of 2009.
The thinking behind the operation was simple - acquire or charter ships in the low to medium-size capacity frame that had been laid up because of the slump, at the lowest possible rates.It is estimated that the laid up fleet of containerships in the 1,700/2,500 TEU capacity sector could be around 250/300, and most will be available at rock bottom charter rates.
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