Container charter market recovery falls back

A high number of ships are signed, but only for brief periods, and the rates need to be significantly higher before they can cover costs and financing, says Thomas Preben Hansen, CEO, Rickmers Maritime.

Photo: IMO

The fragile signs in recent months of somewhat better times ahead for the struggling charter market for container ship owners did not come through, and according to Thomas Preben Hansen, CEO of Rickmers Maritime, the slightly increasing rates have gone back down.

"In Panamax and baby-Panamax we saw a period of small increases to a level of around USD 10,000 and around USD 9,000, but they've gone back down. But it doesn't really matter if it's USD 8,000 or 9,000 when we can't see a clear trend. The level will have to be significantly higher in order to start covering costs and financing," says Thomas Preben Hansen of Singapore-listed Rickmers Maritime, which owns 16 container ships:

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