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Container ship scores off the charts, fantasy charter rate: $135,000/day | Hellenic Shipping News Worldwide

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 15-year-old 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 .

People Are Panicking Now - Container Ship Charter Rates Have Gone Out Of Control

Container ship scores off the charts, fantasy charter rate: $135,000/day

Which shipping stocks rose the most in wake of COVID pandemic? | Hellenic Shipping News Worldwide

Which shipping stocks rose the most in wake of COVID pandemic? The stock market has boomed in the COVID era, driven by fiscal and monetary policy and surging retail-investor interest. Many ocean shipping stocks with the glaring exception of tanker equities have followed suit. Which U.S.-listed shipping stocks rose the most? Price gains arbitrarily depend on which date range you choose. For shipping, the current one-year range is perhaps the best gauge of stock moves. Broader equity markets started rebounding in the third week of March 2020, after it became clear that the government’s policy response would boost equities despite the health threat.

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