Container ship charter market warmer
In the past few months, the container shipping market is in the upward cycle. The Hamburg Ship Brokers Association index, 4250TEU, 3500TEU, 2500TEU container ship chartering price has risen to $14846 per day, $11277 and $10282 / day / day, an increase of 96.5%, 50.6% and 36.5%. Analysis generally believe that increased demand is affected by the West Coast ports and port congestion in parts of Asia, but the British shipping company Lomar Shipping chief commercial officer Nick Bailey told "Lloyd's Daily" in an interview that the new route is to Panama container ship chartering market prices the main reason. Nick Bailey also said, signed 5 year contract on both sides of West Coast ports, West port labor disputes will not cause too much negative impact on the Charter market.