There are almost no ships available for charter in the market, and the space and capacity are tight! The rental price of container ships has set a record in 16 years!

This year, the container shipping market continues to be hot, lasting longer than expected.
One of the most urgent needs of current liner companies is ships. This not only drives a wave of shipbuilding craze, but also directly drives the boom in the container ship leasing market.
Shipbuilding fever↓↓
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Chartering hot ↓↓
Star Shipping recently leased a 9034TEU ship with a lease term of 5 years, and the daily rent is said to be as high as US$50,000. Star Shipping also leased two 8586TEU ships at the same time, but did not disclose the rental price.

Mason Lines recently leased a 4308TEU ship with a daily rent of US$41,000 and a lease 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.

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.

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.

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▍Container ship leasing prices hit the highest level in 16 years
The data shows that the current container ship leasing price has reached the highest level in 16 years.
"The container ship leasing market is crazy!" As a source from a ship broker in London said.
"It's crazy," he said. "We have a carrier broker who has offered a much higher offer than any other offer to get a ship, and we are ready to set a contract for more than three years at this price."

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Ship rents skyrocketed (Source: ConTex)
Alphaliner, a shipping consultancy, stated that “there is no cap on container ship charter fees.”

"In the face of tight supply and continued strong demand, non-operating shipowners still have the upper hand in the chartering market, which shows no signs of abating in the short term."

▍There are almost no boats to rent in the market

It is reported that the enthusiasm of the container shipping market is prompting shipping companies to “scrape the bottom” to obtain usable ships. The proportion of global container ships that are idle and not in dry docks has dropped to only 0.8%.
According to Alphaliner's latest investigation, the severe shortage of available ships has forced potential charterers to significantly simplify the process of assessing charterers.
The consulting company pointed out that there are 56 idle container vessels with a capacity of 205,000 teu, and they are mainly vessels that have experienced accidents, are affected by sanctions or are waiting to join a new charter company.
The company said: "Strong freight demand and higher freight rates make shipping companies keen to use all available ships to provide revenue-generating services, or for empty containers that need to be relocated urgently."
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Alphaliner said: "At least until this summer, charterers will continue to work hard to find a ship that meets their needs. They have no choice but to accept the terms proposed by the owner and accept the high rent proposed by the owner."
In fact, shipping companies are being forced to further determine the future in the current market-in some cases, to prepare for the next year in advance.
For example, London-based ship broker Braemar ACM reported this week that an 8,500 teu ship is discussing an extension from the first quarter of next year.
Alphaliner agreed: "The current market boom hasn't ended yet," adding that "the tight supply shows no signs of easing, and the demand for ships of all sizes is still strong."
To a certain extent, this also reflects the tightness of market space and capacity.