Boxship charter rates hit highs not seen since just before Lehman Brothers collapsed

1 minute read

Charter rates for box ships now stand at highs not seen since the summer before Lehman Brothers collapsed, according to new data from Clarksons Research. 

Overall, the Clarksons Containership Charter Rate Index now stands at 94 points, having risen by 22% in the last eight weeks, representing the highest level since July 2008.

Old panamaxes – the 3,500 teu class are now trading at $20,500 a day, more than double the 10-year average. Even geared 1,000 teu ships are able to command $9,000 a day in today’s hot container shipping market. 

“Firm gains have been driven by a rapid return in box volumes since the summer, as well as the impact of logistical disruption which has driven box freight rates sharply upwards to record highs in recent weeks,” Clarksons Research noted in a report out this week.

Sam Chambers splash247.com


Related News

BY THE NUMBERS: SHIPPING’S UNPARALLELED YEAR IN 10 CHARTS
BY THE NUMBERS: SHIPPING’S UNPARALLELED YEAR IN 10 CHARTS

2319 Views

Ocean shipping data highlights just how unusual 2021 has been

Just how extreme is China’s lead in the container port business?
Just how extreme is China’s lead in the container port business?

1934 Views

AskWaves looks at the rankings of the world’s top container ports

ONE ANNOUNCES TERMINAL CHANGE AT XIAMEN ON FE3 SERVICE
ONE ANNOUNCES TERMINAL CHANGE AT XIAMEN ON FE3 SERVICE

1091 Views

Japan's container line Ocean Network Express (ONE) announced changes in the Xiamen terminal on FE3 service.


Comment
  • Your review
main.add_cart_success