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Caution urged as boxship charter bonanza rolls on

May 6, 2021


There’s no let-up in the booming boxship charter scene with vessels breaking further records not just in prices paid, but also durations. Nevertheless, some analysts are beginning to question how much longer the red-hot conditions can last.

The crunch of supply keeps affecting all sizes of ships while demand shows no sign of weakening.

CMA CGM has taken the 8,814 teu Northern Juvenile for a 60-month charter, with Alphaliner suggesting the French liner giant is paying $48,500 a day for the ship, which is $3,500 higher and 12 months longer than deals agreed on sister tonnage at the beginning of March.

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