Just when you thought container shipping couldn’t get any hotter, it has. Liners are desperate for more ships to handle booming cargo demand. Companies known as tonnage providers or nonoperating owners (NOOs) — which own ships and lease them to liners — are now achieving rates and charter durations that haven’t been seen since the mid-2000s, reports Freight Waves.
Highest rate since 2005
The “sky’s the limit for charter rates,” said Alphaliner in its new weekly outlook. “There is no end in...