Charter rates for large boxships jump in response to Red Sea diversions
In response to the shortage of ships resulting from Red Sea diversions, tonnage providers have jacked up charter rates, particularly for larger vessels that are the workhorses of long-haul routes.
As of 21 December 2023, Clarksons’ Containership Timecharter Rate Index stood at 67 points, down 32% from the beginning of the year, but 18% above levels in 2019, the year before the
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