ship chartering Archives - Maritime Shipping News

Container ships still renting for $160,000 a day despite import fears

29 June 2022

pic of hundred dollar bills; container ship charter rates are still historically high

When demand to transport cargo weakens, short-term rental rates decline for the ships that carry that cargo. When freight demand rises, lease rates rise. You can see this now in spot rates for supertankers moving crude oil from the Middle East and large bulkers moving iron ore to China (weak demand, low rates) and for product carriers moving diesel, gasoline and jet fuel (high demand, high spot rates).

You can’t see it in container shipping, though. At least, not yet.

The container freight market...

https://www.freightwaves.com/news/container-ships-still-renting-for-160000-a-day-despite-import-fears

Ship charter rates still ‘spectacular’ but war could tip the balance

30 March 2022

Do container line bosses believe the historic freight boom will end anytime soon? If the ship charter market is any indication, it sure doesn’t look like it.

Liner companies continue to pay record-high sums to rent container ships for up to five years, even as the Russia-Ukraine war caps rate gains.

The Harpex index, which measures container-ship charter rates, has held steady at its highest level ever for the past three weeks. Alphaliner recently said that charter rates are at “historic highs”...

https://www.freightwaves.com/news/ship-charter-rates-still-spectacular-but-war-could-tip-the-balance

Bimco updates infectious diseases clause

23 July 2021

^{Photo: Scott Graham via UnSplash}

By Bimco

The experiences of operating during the Covid-19 pandemic and the challenges this has created have prompted a review of the BIMCO Infectious or Contagious Diseases Clauses (the “IOCD Clauses”).

What is the balance to be struck between owners and charterers in allocating responsibilities and costs during a serious outbreak of a highly contagious disease? This is the question which has been brought into sharp focus for the shipping industry by the Covid-19...

https://www.shippingaustralia.com.au/bimco-updates-infectious-diseases-clause/

Exclusive: SEKO Logistics chartering vessels for clients

22 July 2021

SEKO Logistics tells American Shipper it is expanding its logistics footprint by chartering vessels. The logistics provider began chartering the box ships in July.

“We are looking to charter one or two vessels a month,” explained Brian Bourke, the company’s chief growth officer. “The vessels are carrying in upwards of 1,000 TEUs. We are offering this service to make sure our clients have the capacity to import their products to avoid any additional backlogs.”

Bourke says the decision to start...

https://www.freightwaves.com/news/exclusive-seko-logistics-chartering-vessels-for-clients