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You are here: Home Archive 2010 March Weekly Edition 4th March 2010 Small ships lose out on rising rates

Small ships lose out on rising rates

by Janet Porter, London last modified Mar 15, 2010 09:11 AM

SURGING freight rates in the long haul trades are driving containership charter rates upwards as well, with fixture activity brisk and market sentiment improving by the day for larger ships.

Even so, shipowners, charterers and brokers are all advising caution, given the still fragile state of the global economy with the cold winter in much of North America and Europe dampening consumer spending and Greece’s financial crisis unsettling the eurozone.

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