Box ship sales, prices, charter market rates surge in Covid times
SECONND containerships are again fetching high prices and charter rates have soared in a world roiled by the Covid crisis
SECONND containerships are again fetching high prices and charter rates have soared in a world roiled by the Covid crisis.
Old panamaxes have seen record rates achieved, with one 5,000-TEU ship obtaining a US$25,000 per day, the highest level for this type of ship in nearly a decade.
'In the larger sizes rates are going through the roof, having increased by several thousands of dollars over the last two weeks,' said Paris-based shipping analyst Alphaliner.
Boxship sales are back to pre-Covid levels, according to shipping analyst Alphaliner, with 22 ships sold per month in the third quarter. 2020 could be on track to exceed ship sales seen in 2019.
Alphaliner also noted that renewed demand has resulted in a recovery in prices for classic panamaxes rising 30 per cent June.
Liners have been enjoying record freight rates on many tradelanes in recent weeks. The buoyant times have spilled over onto the charter scene too where rates continue to rise for all ship types on the back of an increasingly tight supply.