Unbelievable but true: the container ship charter market has breached its all-time record of June 2005. Market indices today and back then are a bit different due to changes in the fleet, meaning that rates for feeder vessels still have to catch up a bit while those for big ships are already ahead. However, this may only take a few weeks given the intense upward trend. Up until this year, no one thought it possible. But the consumer goods-driven recovery from the pandemic-induced recession in combination with efficiency losses due to safety and hygiene provisions saw shipping capacity dry up faster than ever before. 70,000 $/day was reported already for a standard panamax for very short charter period and rumours say that the next vessel even fetched 100,000 $ for 100 days. These are astronomic levels. Can it go much higher?
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