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Cake day: August 21st, 2023

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  • There are different types of standard charter agreements in the shipping industry. In a “barebone” charter the ship is chartered without a crew and the company renting it is responsible for staffing, maintenance, etc. What Maersk used, at least according to sources reporting initially, was a time charter, where the owner of the ship provides the crew and maintenance, and Maersk only tells them where to go and what cargo to pick up, as well as providing supplies (e.g., fuel). So I agree that the reporting seems clickbaity and misleading.