News / Danaos a big winner as box ship charter rates hit 'phenomenal' levels

The Danaos-owned CMA CGM Rabelais © Atgimages

With freight rates soaring, ocean carriers are prepared to pay more than double previous daily hire rates for chartered ships to secure tonnage and grab market share.

According to Greek-based containership non-operating owner Danaos Corporation’s CEO, John Coustas, current market rates are “phenomenal”.

He said Danaos had recently refixed seven vessels with carriers for 12-month periods or longer at considerably higher rates than last done.

“Ships coming off charters in the range of $8,000-$10,000 a day are being re chartered at $16,000-$20,000-plus,” said ...