In response to the shortage of ships resulting from Red Sea diversions, tonnage providers have jacked up charter rates, particularly for larger vessels that are the workhorses of long-haul routes. As of 21 December 2023, Clarksons’ Containership Timecharter Rate Index stood at 67 points, down 32% from the beginning of the year, but 18% above … Continue reading Charter rates for large boxships jump in response to Red Sea diversions