The frenzied level of forward fixing of boxships has never been seen before, according to MPC Container Ships (MPCC) chief executive Constantin Baack.

Speaking on an Arctic Securities webinar, the German feeder provider's boss said it is now "a very unique feature" of the record charter market that owners can book ships on deals starting up to 10 months ahead.

Previously, companies worked 30 to 40 days ahead, but this has changed dramatically as operators seek to secure increasingly scarce tonnage.