A strengthening charter market is leaving boxship owners with more options than for a number of years.

Rising rates have owners contemplating whether to fix their ships on longer charters, to sell or to hang on to them while the rise continues.

So far, most owners are sitting pretty as rates have risen to their highest levels since 2011. Twelve-month fixture for vessels of between 2,500 teu and 4,250 teu are between 61% and 88.6%