The soft freight market is starting to drag down charter rates but a major
correction is not on the cards given the limited availability of open tonnage
until early next year.
Carriers remain very keen to lock in ships especially in the panamax and larger
segments, with several fixtures for charters commencing only in 2023 have
already been signed with periods stretching for up to 5 years.
Second hand transactions remain brisk, with purchaser interest remaining very
strong with asking prices c