Current boxship charter boom betters previous upcycle

The last five years have been shown to be an outstanding cycle for container ship charter rates, with levels exceeding the last bull run in the years prior to the 2008 global financial crisis, according to Clarksons.

The diversions of container ships (on the Asia-Europe route) from the Suez Canal to the Cape of Good Hope in late 2023 have generated more demand for tonnage due to lengthened sailing times.