Container sector is so hot that ships rent for $200,000/day

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You can buy a brand-new Ferrari starting at $250,000. To rent a decade-old container ship for a mere three months, it will cost you a lot more than that: as much as 68 new Ferraris.

Euroseas (NASDAQ: ESEA) confirmed this week that it chartered its 2009-built, 4,250-twenty-foot equivalent unit container ship Synergy Oakland for 60-85 days at a gross rate of $195,000-$202,000 per day starting in the second half of October.

“This is the highest time-charter rate ever achieved by any vessel in our...

https://www.freightwaves.com/news/container-sector-is-so-hot-that-ships-rent-for-200000day

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