News / Boxship charter market could see a deluge of sub-let surplus tonnage

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Containership charter rates have stabilised in the past two weeks, after falling 70% since August – but daily rates could start to head south again as liner operators look to sub-let surplus tonnage.

Brokers agree that the main reason for the levelling-out of charter rates is the lack of open tonnage on the market.

“Rates last agreed are expected to remain stable, considering the limited supply,” said London-based shipbroker Braemar.

Indeed, Alphaliner reported last week that the average hire rate for a 4,000 ...