Ordering discipline has contributed to stability in the container trades, but new ships will still be needed to meet demand up to 2050.
The capesize market continued its upward trajectory this week, stimulated by ‘incredibly healthy’ volumes, according to Braemar. The average weighted time charter settled at the highest level since September 2019.
Main lane freight rates have taken their first step back from their run of record-breaking levels. Carriers will now be watching for how demand holds up following the Golden Week holiday.