MARSOFT WISHES ALL ITS FRIENDS AND READERS A HAPPIER, SAFER AND MORE PROSPEROUS NEW YEAR
Our next quarterly update is due in late February and in advance of that, we are issuing an interim rate and price update this week for our FLAGSHIP clients. This is because of several dramatic developments in the shipping markets over the past couple of months.
In particular, containership rates and values have increased significantly since November. Liner freight rates have risen every week to new record highs, which has led to sharp increases in charter rates for all vessel sizes and, most recently, vessel prices.
We are also witnessing exceptionally strong LNG tanker spot rates, due to robust Asian demand, record-high US exports as well as delays traversing the Panama Canal. We do not expect this to be a long-lasting phenomenon and it is not reflected in current LNG time charter rates.
We would be happy to discuss any of these developments - please contact one of our offices for further information on Marsoft’s current view of the markets or details on our risk analysis or risk models.