Markets continue to rally in all sectors

By Jan-H. Heikes

Container market

The charter markets for all segments continued their rallies throughout April, May and June. Compared with March levels, every size category increased its earnings by at least 15 per cent. The star performers were the 1,700 teu and 2,500 teu ships, which managed to elevate their charter rates by over 40 per cent. At the market peak, ships from 1,300 to 2,500 teu all came in at levels around US$ 12,000. Traditional premiums for Caribbean trading were completely eroded due to steep rate rises in Asia and in the Mediterranean. As a consequence, only two or three ships were being positioned to the Caribbean against long-term charter commitments; but, again, several ships have left the area for drydocking in Asia or Europe.

Read more: Russbroker Caribbean market review