Boxship charter market cools

With global liner CEOs increasingly saying the market is cooling, there’s also been a noticeable pullback in the containership charter market.

Sentiment is becoming “more negative”, Clarksons Research noted in its most recent weekly report, discussing the softening rates.

Clarksons’ Containership Charter Rate Index closed last week at 347 points, down 20% from the April 2022 high, though still more than three times the start 2021 level.