Up to $50,000 a day! The rental price of container ships has set a record in 16 years!

Now, no one doubts that this year's container shipping market will continue to be hot, even longer than expected.


The most urgent demand for liner companies is, where are there ships? This directly drives the boom in the container ship leasing market.The data shows that the current container ship leasing price has reached the highest level in 16 years. Some ship brokers even exclaimed: "The container ship leasing market is simply crazy!"


The current strong market shows no signs of ending. The tight supply of capacity will not ease in the short to medium term. Demand for capacity of all sizes is very strong, and container ship rental prices continue to rise sharply.



Star Shipping recently leased a 9034TEU ship with a lease term of 5 years. It is said that the daily rent is as high as US$50,000. Star Shipping also leased two 8586TEU ships at the same time, but did not disclose the rental price.

china buying agent service



Mason Shipping recently leased a 4308TEU ship with a daily rent of US$41,000 for a period of 28-30 months for Sino-US trade. This is the current highest rent for this ship type, and it also set a record for rent since 2005.

Up to $50,000 a day! The rental price of container ships has set a record in 16 years!

china buying agent service

In addition, CMA CGM has just chartered five 4294TEU-5089TEU ships, with a daily rent of 37,000-38,000 US dollars and a lease term of 24 months.

Earlier, Maersk leased 3 vintage Panamax container ships at a daily rent of 35,000 US dollars, namely "Northern Priority", "Northern Promotion" and "Northern Precision", with a lease period of 24 to 27 months.

It is worth noting that, in addition to high rental prices, liner companies also tend to have longer lease periods in terms of lease time.

This shows that liner companies are confident in the market prospects. From another perspective, the current freight rate in the container shipping market has skyrocketed. Under this stimulus, the high rents of chartered ships can also be offset by higher profits.

The higher freight far offsets the higher charter fees, although all costs are rising, but the freight has risen even more. Investors are highly sensitive to yields, and current income growth is much higher than cost growth.

china buying agent service