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Containership timecharter rates rise as operators seek available tonnage
The containership timecharter market has strengthened in recent months, with liner operators, especially the largest European players, described as scrambling to secure available tonnage; the assessed one-year T/C rate for MSI’s 1,700 teu Grd Non-Eco benchmark rose from $28,800 a day in June to $34,100/day in September.
The containership timecharter market has moved higher again in recent months. Market participants described a renewed scramble by liner operators, especially the largest European players, to secure any available tonnage.
Most market benchmarks took part in the recent strengthening. The assessed one-year T/C rate for MSI’s 1,700 teu Grd Non-Eco benchmark rose from $28,800 a day in June to $34,100/day in September.
The publication asks whether FOMO is driving sentiment in the charter market.
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