U-turn for ocean rates in car-carrier charter market as exports level off
The car-carrier market is now at a crossroads, as charter rates have corrected substantially from ...
ID 18481035 © Gary Blakeley | Dreamstime.com
A charter market correction could be looming amid the deterioration in spot rates. Citing the Shanghai Containerised Freight Index, Splash reports that spot rates have plummeted some 47%. And, while profitability remains possible as long as utilisation remains above 80%, the same report notes that box ship utilisation on the world’s biggest trades has now dipped below 90%.
Despite the year starting in contraction, the charter sector has been experiencing something of a boom, with the charter to freight ratio at ...
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