News / Containership charter rate boom peters out as carriers sail into slack season

© Mosole | Dreamstime.com - Container cargo ship

The scrubber-charged spike in containership charter rates could be coming to an end, according to Alphaliner.

Ocean carriers are battening down the hatches on operating costs to mitigate the impact of declining freight rates, added the consultant.

It said average daily charter hire rates had soared by 40% since January, while during the same period freight rates hadcollapsed – the yardstick Shanghai Containerized Freight Index (SCFI) slumping by 25%.

“The two markets’ sharply contrasting fortunes could put a lid on further charter rate ...