Car carrier time-charter rates have hit their highest level since the demise of US bank Lehman Brothers 13 years ago — and experts believe the rally could continue.
Broking sources said tonnage provider Eastern Pacific Shipping has fixed out two scrubber-fitted panamax-class pure car/truck carriers to South Korea's Hyundai Glovis at rates that were last seen in 2008.
Hyundai Glovis is said to have extended the charter of the 6,302-ceu Lake Fuxian (built 2009) for three years at $38,000 per day and the 6,178-ceu Lake Geneva (built 2015) for six months at $40,000 per day.
