Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
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By Mike Wackett
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 ...
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