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Container ship charter rates sank to multiyear lows in June 2020 as a result of bleak carrier outlook and premature returning of chartered vessels as the coronavirus outbreak presented a major demand risk. But as community lockdowns and social distancing unexpectedly boosted consumer spending on goods, charter rates rebounded and broke through to fresh all-time highs at the start of August, Harper Petersen & Co. data showed. Six- to 12-month time-charter rates for a ship with a capacity of 8,500 twenty-foot equivalent units registered $105,000/d Aug. 2, a jump of more than 425% from the year-ago assessment of $20,000/d. Short-term fixtures, where rates are highest, do not make up the bulk of fixturing activity. Just 5% of 2021’s container ship fixtures to date have been for periods of three months or less, London-based shipbroker Braemar ACM said. ....
Container ship long-term charter rates climb to record highs amid vessel shortages hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.