News / Carriers hit by rising charter rates as shipowners cash in on demand for tonnage

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A substantial spike in daily hire rates for post-panamax containerships will hurt ocean carriers with the highest percentage of chartered-in tonnage. 

Moreover, the weaker carriers are finding themselves at the mercy of containership owners that are once again able to dictate terms, adding further pressure to their P&L accounts. 

According to Greek containership owner Costamare, rates for six to 12?month charters on vessels larger than 6,800 teu have soared by more than 30% this year. 

During its earnings call on Monday, Costamare, which operates a fleet of 71 containerships from 1,078 teu to 14,424 teu, said the ...