Late Redelivery and the Impact of MOAs: The Hapag-Lloyd Case

In December 2024, the Commercial Court of England and Wales delivered an important decision in Hapag-Lloyd AG v Skyros Maritime Corporation and Another [2024] EWHC 3139 (Comm). This ruling provides crucial guidance on how compensation is calculated when a ship is returned late under a time charter agreement, especially when other contractual arrangements limit the owner’s potential for further earnings.