Charter market recovery: an alliance-driven blip?

© Khunaspix Dreamstime.

A frenzied spate of containership chartering ahead of the reshuffle of vessel-sharing alliance groupings has given the market a long overdue boost.

But, according to Alphaliner, owners should not get too carried away as there is a “question mark on the sustainability of the current market revival”.

With the exception of ships below 1,700 teu, demand for tonnage in past weeks has been very strong and, as a consequence, daily hire rates are showing big gains – albeit from the previous depressed levels.

By ...