Boxship charter rates are making a swift recovery as an easing of lockdowns around the world has enabled liner services to resume.

The pickup has been led by larger containerships, where the supply of vessels has all but dried up.

Improving demand for smaller post-panamax and traditional panamaxes means rates are beginning to lift.

The recovery is fuelled by a fixing spree for 8,500-teu ships, which has sucked up most of the available larger charter vessels and forced lines to look for smaller alternatives.