Sky’s The Limit for Containership Charter Rates

Ocean carriers are becoming increasingly confident that freight rates will remain high for years and are still chartering ships for lengthy periods at elevated daily hire rates last seen 16 years ago, reports the loadstar.

What Happened? 

Alphaliner reports that Maersk has just fixed a trio of 4,600 teu handy classic panamax vessels for periods of 24 to 27 months at a staggeringly high rate of $35,000 per day. The consultant noted that the last time a panamax containership achieved this rate...

https://mfame.guru/skys-the-limit-for-containership-charter-rates/

Vessel Speeds Indicates Sector’s COVID-19 Recovery

Sharp rise in Vessel speeds indicates a gradual recovery of the sector from the COVID19 crisis, says an article published in Ship & Bunker.

Containership

According to shipping intelligence, Panamax container ship speeds climbed for a third month in August. Average laden Panamax speeds were 14.42 knots in August, up by 2.2% from a month earlier.

Impact on bunker demand

Ship operators changing speeds according to strength or weakness in freight markets and bunker prices can have a significant impact...

https://mfame.guru/vessel-speeds-indicates-sectors-covid-19-recovery/

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