Container ship charter markets suffered far more damage than box freight rates in 2012, but stability should return to both markets this year, according to analysis by RS Platou Economic Research.
Yearly average charter rates for box ships fell “between 40 and 50 percent” from 2011 to 2012, the research company said. Container rates, however, were on a yearly average basis between 20 and 25 percent higher than in 2011.
“This was possible due to a strong recovery in the first half of the year, which more than compensated for the drop in the second half,” analyst Bjorn Bodding told JOC.
“Due to another year with record high deliveries and expected relatively low economic growth in Europe and the USA, we expect market fundamentals to remain weak also in 2013 for the container ship market with relatively small changes in the yearly average box and charter rates compared with 2012.”
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