News / Carriers scramble to charter larger boxships and 'don't care what they pay'

Photo: © Gary Blakeley | Dreamstime.com

Ocean carriers are scrambling to charter larger containerships to take advantage of skyrocketing freight rates caused by a spike in demand across major tradelanes.

Handy 7,500-11,000 teu ships have been virtually ‘sold out’ since July and any tonnage that does become available is being snapped up ...