Containership charter rates continued their rise with the Red Sea crisis still
pushing up demand. Rates for larger ship are edging up at a faster pace with
demand remaining high while supply is limited. Rates are 15-30% in the larger
segments above 4,000 teu are 15-30% higher compared to a year ago, with charter
periods lengthening to up to 3 years.
Carriers are taking advantage of increased demand and high freight rates to the
Red Sea region (including Aden, Jeddah and Djibouti) to add new ser