Boxship charter rates fall to three-year low, more pressure seen
Boxship charter rates have plummeted to a three-year low, but are still 36% higher than average levels in 2019, the year before the Covid-19-fuelled boom began.
Linerlytica’s latest report, dated 20 November, stated that mainline operators, particularly, are still busy chartering vessels as they continue fighting for market share in the face of weakening fundamentals.
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