News / Containership charter market starts on the long road to recovery

The impact of Covid-19 on the containership charter market has been significant with daily hire rates falling by up to 50%, according to an Alphaliner analysis.

But the consultant says it is not all bad news for boxship owners, with some green shoots beginning to emerge as carriers “progressively resume suspended services and reinstate some sailings planned to be blanked.

“Charter rates fell by up to 45% for standard units of 8,500 teu and up to 50% for standard container vessels in ...