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Yang Ming Makes Deal to Sub-Let with Maersk

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Maersk to Pay Hundreds of Thousands Per Day to Yang Ming for Sub-Let

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A sub-let deal was reached between Maersk and Yang Ming for one of their vessels in what is to be an unprecedented deal between the two supposed rivals.

Yang Ming will sub-let their 2011-built 10,114 teu Express Berlin vessel to Maersk for an approximate $126,000 per day for a 12-14 month period.

The vessel is currently awaiting to berth in the Los Angeles area however, when it does become available is when Maersk will take over the charter.

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