The container shipping market is currently experiencing an unusual imbalance. Historically, charter rates for vessels and freight rates for cargo transportation moved in sync. However, in recent months, the situation has shifted in the opposite direction.
Charter rates for containerships have increased by about 15%, while average container freight rates have dropped by nearly 40%.
As a result, major container carriers such as MSC Mediterranean Shipping Company, Maersk, and CMA CGM are forced to pay more for vessel access while earning less from cargo transportation. This reduces their profitability and puts additional pressure on operations.
Meanwhile, tonnage providers like Seaspan Corporation, Costamare, and Global Ship Lease continue to enjoy windfall profits, capitalizing on the market situation.
