Boxship rates hit five-year low as outlook deteriorates

Janet Porter - Thursday 25 September 2008

CONTAINERSHIP charter rates continue to slide as more grim news emerges from the freight markets and beyond, writes Janet Porter.

Remarks earlier this week from German shipowner Bertram Rickmers that reduced consumer demand in the US and Europe will weigh further on charter rates, and a grim assessment of the dire state of the Asia-Europe trades f...