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Full Steam Ahead: Why Container Ships Are Racing Across The Pacific

There are almost no container ships in the world left for liners to charter. Secondhand purchase prices are through the roof. It takes two years or more to get a newly built ship. How can liners find more capacity? There is a way — without adding ships — for liners to move more cargo and take even greater advantage of today's stratospheric rates: speed up.

ZIM

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Container Ship Scores ‘Off The Charts,’ ‘Fantasy’ Charter Rate: $135,000/Day

In a sign of just how frenzied the container market has become, a freight forwarder is reportedly paying $135,000 per day for a short-term charter of the S Santiago, a container ship with a capacity of 5,060 twenty-foot equivalent units (TEUs). "Charter rates for short employment … have gone out of control," said Alphaliner in its new weekly report.

ATCO

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50 Biggest Movers From Yesterday

Gainers MoSys, Inc. (NASDAQ: MOSY) shares jumped 44.1% to settle at $5.46 on Wednesday. Lianluo Smart Limited (NASDAQ: LLIT) gained 24.6% to settle at $9.22.

ADXS