Charter rates fall to three-year low, more pressure seen

Boxship charter rates have plummeted to a three-year low, but are still 36% higher than average levels in 2019, the year before the Covid-19-fuelled boom began.

Linerlytica’s latest report, dated 20 November, stated that mainline operators, particularly, are still busy chartering vessels as they continue fighting for market share in the face of weakening fundamentals.

Maersk Line, is particularly, still chartering ships to try and regain lost ground against MSC, to whom it lost its top liner...

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.