Boxship charter rates hit new highs

AMG Logistics

Containership charter rates are storming to new record highs with demand for tonnage described as frantic.

“All sizes are seeing rates firming strongly, with, in some cases, staggering figures agreed, well above earlier benchmarks,” Alphaliner noted in its most recent weekly report. Illustrating this, Alphaliner pointed out that 3,500 teu ships are now obtaining $60,000 per day for 36 months employments, up from $45,000 only a few weeks ago.

The same trend is observed for slightly smaller units of 2,700 teu, where the new benchmark for similar periods is now close to $50,000 for standard units, up from $42,000 at the beginning of the year.

Sending rates skyward was the Pasha Hawaii raid, reported by Splash earlier this week, for seven charters for ships ranging in size from 2,100 to 3,500 teu with most taken on a three-year basis.

The Alphaliner Charter Rate index has hit a new historic high this week at 476 points.

More long-term fixtures are being concluded with a de-escalating structure

“There is a growing trend towards forward fixing far into the future, with some vessels extended or fixed nearly one year before being delivered. This development highlights charterers’ concern that they might end up without any vessel at all if they do not secure tonnage now,” Alphaliner noted.

“Tonnage supply is short for the rest of the year and charterers will have to consider smaller tonnage than what they were originally looking for,” stated the latest report from the compilers of the New ConTex chartering index.

Alphaliner also gave details of an increasing number of long-term fixtures concluded with a de-escalating structure with charterers paying a higher rate in the first year, with the figure gradually decreasing for the duration of the contract. As an example, Alphaliner highlighted Maersk’s recent chartering of the Euroseas-owned 2,788 teu EM Astoria. Taken for 36 to 38 months, Maersk is paying $65,000 for the first year, then $50,000 for the second year and $20,000 for the remaining 12 to 14 months, resulting in an average daily rate of about $45,000 for the duration of the charter.


Share this post:

Share on linkedin


Share on facebook


Share on twitter


Share on pinterest


Share on tumblr


AMG Logistics is a Lagos-based TRACE certified logistics company. Our services include Freight Forwarding, Customs Clearance, Trucking, Distribution, and Warehousing within Nigeria.


Tel: +234 909 199 9866
+234 909 199 9866
+234 909 199 9841
+234 909 199 9805
+234 909 199 9813

AMG Logistics Locations

7c Creek Road

B3 ground floor
84 Keane Nkrumah Street
Asokoro Business & Lifestyle centre

NAMA Admin Building
Port Harcourt International Airport
River State






AMG Logistics Nigeria is a Lagos-based TRACE certified logistics company. Contact: [or on]

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Gee, that’s not so bad

AMG logistics concierge services explained

AMG Logistics

The best thing I’ve ever done for my travelling self.

Online Live Casino in Fosdyke Bridge #Fosdyke #Bridge

Teresópolis: A Zone beyond My Comfort

October 2020 List of Stuff

Black mountain country: a photo story about a journey to Montenegro

Coachbuilt masterpiece ‘Boat Tail’ makes global debut at Villa d’Este

Coachbuilt masterpiece 'Boat Tail' makes global debut at Villa d'Este

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
AMG Logistics

AMG Logistics

AMG Logistics Nigeria is a Lagos-based TRACE certified logistics company. Contact: [or on]

More from Medium

Hi everyone.

5 Questions Top Crypto Investors Ask Themselves Before Investing in Their 10X Crypto Project

Mailpiler | A Frugal way out

Money Portal