A new survey by VesselsValue has found a “significant increase” in the average speed of containerships.
The maritime valuation and market intelligence service said average laden containership speeds had increased by 5.5% since last June to 14.76 knots, and by 8.5% in the larger sectors.
Report author Olivia Watkins said there was a direct correlation between increased speeds and charter hire rates, which, for 8,500 teu ships, had increased by 350% during the …
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Source: The Loadstar