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Markets > Market Reports > Container > 2012 proved a particularly grim year for charter owners Archive:
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2012 proved a particularly grim year for charter owners

23 January 2013

2012 proved a particularly grim year for charter owners, with timecharter rates wallowing in the doldrums throughout. While there is hope in the more balanced position between demand and supply that can be seen ahead, a sharp correction seems unlikely in the short-term.

The benchmark 6-12 month rate for a 2,500 TEU geared containership rose by 2.4% over the month of December to $6,400/day; however rates softened in a number of other sectors. The benchmark 6-12 month rate for a 2,000 TEU gearless boxship slipped to $6,100/day, meaning the average rate for 2012 stood at $6,408/day, 40% lower than the 2011 figure.

The relative weakness in the larger size sectors was even more severe. The benchmark 6-12 month timecharter rate for a 2,750 TEU gearless containership softened to $5,500/day in December, dragging the 2012 average rate down to $6,742/day, half the 2011 average. Meanwhile, the $7,179/day average rate for a 3,500 TEU Panamax vessel recorded in 2012 was 52% lower than the 2011 average of $14,871/day.






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