Spot rates for sub-panamax boxships are inching towards $10,000 per day as a shortage of ships in the classic and post-panamax sectors has led charterers to seek out smaller vessels.
This has resulted in a rate rally for smaller boxships in a market where sentiment is continuing to improve.
Improving rates
Brokers said leading feedership operator MCC Transport, the intra-Asian subsidiary of AP Moller-Maersk, has taken the 2,546-teu Spectrum N (built 2009) at $9,500 per day for six to nine months.
