Containership time-charter markets have, with few exceptions, experienced a rollercoaster ride since the start of 2020.
After a generally weak start to the year for feeder vessels and a continuation of 2019’s strong markets for mid-size and larger units, the onset of lockdowns drove a correction in vessel earnings.
Daniel Richards, MSI Container analyst, writes- read more here
“On the freight rate side, the apparent disconnect between market performance and aggregated fundamentals reflects the fact that the most relevant supply and demand balances (or imbalances) are at the level of individual trade-lanes…” Daniel Richards, MSI explains further here
UK-based boxship and bulker owner adds younger vessel to sisterships in its portfolio. Read more in TradeWinds
Zhoushan Changhong International Shipyard has been trying to hive off to 1,756-teu newbuildings by dropping the price to less than $18m each. That sets a benchmark low for modern eco-feederships and reflects the difficulties the yard had in finding buyers. Read more in TradeWinds
The rebound in the containership charter market continues at breakneck speed, as optimism grows for the long-term prospects for other major shipping markets. Read more in TradeWinds
Containership capacity is likely to grow by less than 2% this year. But with volumes falling more than 7% already, the gap between supply and demand will get wider. Read More in Lloyd’s List
Cancelled sailings are projected to significantly recede as the traditional holiday peak shipping season ramps up during the third quarter. Read more in Lloyd’s List
Do the shipping markers actually slow down about now? Splash Extra investigates
Sharp swings in container freight rates are likely to continue this quarter as shipping companies struggle to gauge demand amid an uneven global recovery from the coronavirus. Read more in Bloomberg News
In the first of its new HORIZON Monthly reports, Maritime Strategies International analyses the forces at play in freight and charter markets as well as the impact of global policy on demand. Read more