News / Charter market heats up – carriers could need up to 200 extra ships

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Brokers are reporting more “heightened activity” in the containership charter market as ocean carriers fight to secure tonnage to mitigate the impact of Red Sea diversions.

According to an analysis by Maritime Strategies International (MSI), carriers could need to deploy up to 200 extra ships on their east-west networks in order to maintain weekly sailings.

Meanwhile, Alphaliner reported that daily hire charter rates “have been rising across the board”.

“The crisis in the Red Sea, ...