The daily hire rate for panamax containerships has surged by 30% in the past month as brokers report the sector to be “virtually sold out”.
According to the latest Alphaliner data, only one 4,000-5,299 teu ‘classic’ panamax vessel is currently classified as idle, compared with about 100 at the end of 2016.
Since then, charter rates have soared from a low of $4,000 per day to about $14,000, with owners now able to dictate …
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Source: The Loadstar