Greek shipowner and charterer Danaos Corp. said last Tuesday it has not agreed to a deal with Zim, to reduce charter rates on the six containerships Zim is leasing. In a press release Danaos said that: “Zim Integrated Shipping Services Ltd. has stated that it is reducing, unilaterally, all of its long-term charter hire payments to ship owners by 35% commencing Sept. 1, 2009 and for an indicated period of three years”.

From Port2Port, September 29, 2009