There is an unusual amount of activity right now in the container market for the medium-sized container ships in the segment below the ultra-large vessels, the so-called VLCS (very large container ships) in the 7,500 to 11,000 teu range, notes Alphaliner in a new analysis.
The analyst firm points to "an extraordinary level of activity."
Some carriers have been more active, and Hong Kong-based OOCL in particular has been busy in the VLCS segment.
"The surge in demand for tonnage has resulted in the supply of spot VLCS almost drying up, with only two spot ships left available according to Alphaliner, versus 8 ships in our last count two weeks ago, and 17 ships one month ago," writes Alphaliner:
"Unsurprisingly, charter rates have started to benefit and showed some significant increases in the last reported fixtures."
English Edit: Daniel Logan Berg-Munch
Frontpage right now
The dry bulk market has improved, and this has prompted the order book for new ships expand and potentially strain competition in the years to come. Golden Ocean hopes that the environmental regulations hitting the sector in the years to come will result in more ships being scrapped, says the carrier in its annual report 2017.