Charter rates for containerships have dropped precipitously over the past year, according to a report Wednesday from Dutch maritime consultant Dynamar.
The report said for a geared 2,500-TEU vessel the per-day rate went from roughly $20,800 in November 2007 to $7,700 in November 2008, a drop of 63 percent. A 1,100-TEU ship has seen charter rates drop from $12,000 per day to $6,400 in the same time, a 47 percent drop.
Operators of 4,500-TEU ships, the largest vessel category noted in the study, watched charter rates dip 36 percent, from $27,800 per day in November 2007 to $17,600 per day in November 2008.
Dynamar said the report measured rates based on fixed charters with durations of six to 12 months.
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