News / Coming 'explosion' of new tonnage threatens box ship charter market

Until recently the mid-size and large containership charter market has been relatively sheltered from the downturn in liner shipping, but a maritime consultancy says it believes a “material decline in charter rates is on the cards”.

In its July Horizon report, Maritime Strategies International (MSI) says it expects the erosion of daily hire rates and reductions in time periods that has already impacted charter party agreements for small containerships is about to spread to bigger vessel fixtures.

“An important reason for this ...