What are common examples of time chartering situations?

Major liner carriers (Maersk, CMA-CGM, MSC, etc. ) time-charter numerous container ships to supplement their owned fleet.Β 

Most ships working in the offshore oil and gas sector are employed under time charters. Oil companies and oil traders time charter tankers. Time charters are also commonly used in the dry bulk shipping markets, and in any sector where ship operators have a short- or long-term requirement for additional tonnage.


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