News / Containership owners 'making hay' as demand for tonnage still shines

ID 18481035 © Gary Blakeley | Dreamstime.com

Non-operating containership owners (NOOs) are continuing to ‘make hay while the sun shines’, with demand for tonnage staying robust into the third quarter.

However, brokers report charterers becoming cautious about committing to longer charter periods, given the uncertain mid-term outlook for the freight market.

Copenhagen-headquartered MB Shipbrokers noted in its weekly review that “terms are softening slightly”, with “a trend towards shorter periods becoming more apparent”.

And London-based Braemar said that, while “demand remains strong”, ...