Braemar’s Timecharter index is still at a level closer to the 52 high than the annual low, but that is more likely to be a lag in the system than any real hope that the market is picking up in the short term.
In fact brokers’ reports this week are continuing the pessimistic theme outlined in last week’s report with George Lazaridis researcher at Allied Shipping in Athens arguing that there is a multi-layered freight system as a result of the COVID-19 virus.
“Prior to the beginning of this year,...
https://container-news.com/broker-gloom-persists-in-viral-malaise/