Charter Rates
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High dry bulk rates may last through to 2024
Drewry estimates that dry bulk demand growth will outstrip supply growth in the coming years, with the potential for heavy scrapping in 2024 providing further support
Boxships ‘cheaper to buy than charter’
Two-year chartering rates equate to 73% of the price that container line CMA-CGM paid for its latest acquisition
Demand ‘tailwind’ to extend boxship chartering boom
Inventories-to-sale ratios in the US seen lengthening record-breaking charter market for at least 18 months
Dry bulk market to witness best cyclical expansionary phase since 1741
Analysts agree that fleet growth will be minimal through to at least 2023 because of regulatory uncertainty, limited access to capital and a lack of shipyard availability
Dry bulk market hit by seasonal lull
Arrow Research foresees the capesize fundamentals to be tighter in the third quarter versus the second quarter, which depends mostly on Brazilian iron ore exports, coal trade flows and inefficiency unwinding
Globus Maritime secures new charter in ‘strong market’
‘The signals and information we receive regarding the supply and demand balance illustrate a positive picture for the industry well into 2023,’ says company
Efficiency index will prolong boxship bull market, says owner
‘As a rule of thumb, you always make a lot more money in containers by retaining the asset rather than selling the asset. You make more money with the cashflows you can lock in than selling the asset,’ says George Youroukos
Aegean Shipping fixes ‘green’ aframaxes for at least two years
Sources close to the Piraeus-based company say Green Admire and Green Adventure, both due in the first half of 2022, have been taken by Trafigura for at least two years each at $23,000 per day
Rising tide lifts containership earnings
Boxship owners were shunned when the pandemic first hit the market. Now they are benefitting from high levels of demand as greater capacity is utilised
Costamare seals multi-year charter deals as boxship rates rise
The chartering arrangements, which include several significant deals for panamaxes, will ‘substantially enhance’ both contracted revenues and charter coverage, said chief financial officer Gregory Zikos
Globus to raise $16.3m from latest share placement
Globus has been taking advantage of a brighter dry bulk market in the early weeks of this year, locking several of its bulkers into short-period charters
Danaos doubles time charter rates as they hit nine-year high
‘Phenomenal’ vessel time charter rates seen as lines seek vessels to keep market share amid post-pandemic recovery
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