The rebound in earnings on container trades has prompted operators to start reactivating larger tonnage, according to the latest report from RS Platou.
Average charter rates for 4,000-TEU vessels reached $10,000 per day in April, up from $8,000 per day in March although still at a substantial discount on the $27,500 per day achieved in the first four months of last year.
“The rebound in earnings has forced operators to start re-activating larger tonnage from idle position,” said the report. “In the charter market, higher fixing activity in the 4,000-5,000 TEU segment has resulted in somewhat firmer time charter rates.”
In the first quarter, the analyst said, global container movements rose approximately 6 percent year-over-year. “In the same period, the operating fleet expanded by less than 5 percent, while the total fleet increased by seven percent.”
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