Containership owners are snapping up secondhand vessels before asset prices rise.

Savvy owners believe now is the time to invest as strong charter rates present an opportunity to fix long term.

Trio of owners

Leading players, such as Costamare, Danaos Corp and Lomar Shipping, are among those making a play in the secondhand boxship market.

Costamare is reportedly looking at buying a number of vessels of between 5,600 teu and 8,800 teu.