Braemer Seascope reports that this week has seen the most concerted falls in the container market for quite some time. Limited enquiry in the mid-sizes, and an aggressive approach by the few charterers who do have orders, ensure that owners are under maximum pressure. After nine months of surprisingly steady timecharter rates for box ships, we have now hit 2(1/2)-year lows. It would appear that we are in for a sharp market correction in the feeder sizes.
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