News / MPCC achieves first $100,000+ a day deal for feeder vessel fixture

Charterers are prepared to break the bank to fix container feeder tonnage and, according to one shipowner, the market could remain highly elevated for several years.

“We are witnessing an historically strong charter market, with rates at record high levels, while charter periods are getting longer and longer,” said Constantin Baack, CEO of Oslo-listed feedership owner MPC Container Ships (MPCC).

He highlighted a recent fixture for one of its 2,800 teu vessels done with charterers at $31,000 a day for a three-year ...