Charter market is ‘eating itself’ as box ships attract ‘crazy’ daily hire rates

Containership owners that have ships with expiring deals are having their heads turned by the vast sums being offered for short-term charters.
And, according to one Hamburg-based broker, the boxship charter market is “in danger of eating itself” in the “craziest market I have ever seen”.
Several non-operating owners (NOOs) are using scheduled dry dockings and any slack time between charters to fix small containerships with eager charterers at astronomical hire rates …

The post Charter market is ‘eating itself’ as box ships attract ‘crazy’ daily hire rates appeared first on The Loadstar.

Source: The Loadstar

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