New Iran Oil Sanctions Passed By US House In Foreign Aid Package
By Ari Natter (Bloomberg) –The US House passed new sanctions on Iran’s oil sector set to become part of a foreign-aid package, putting the measure on track to pass the Senate...
If the container shipping market is showing signs softening, ship charter rates have yet to receive the memo.
The HARPEX index, which tracks pricing in the charter market for containerships, has risen to a new all-time record of 4,258 points.
The chart below shows the overall index performance over the last 24 months:
The HARPEX is published weekly by German shipbroker HARPER PETERSEN and reflects worldwide container ship charter market pricing for 6-12 months fixture periods based on actual weekly fixture reports. The index provides rate assessments on nine classes of ships, all of which are either at or setting new records.
The liner shipping industry has staged a historic comeback from early pandemic lows as consumer spending on goods picked up, driving demand for container ship tonnage. Since a low of 412 points set in June 2020, the overall HARPEX has now increased over 10X, coinciding with soaring freight rates that have hit business’ bottom lines and contributed to inflationary pressure.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,920 members that receive our newsletter.
Have a news tip? Let us know.
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign UpMaritime and offshore news trusted by our 105,920 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up