Short-term charter rates for classic panamax boxships have crossed the $100,000-per-day threshold.
That marks a stunning rebound for a sector of the containership market that many saw as doomed with the opening of the Panama Canal’s wider locks in 2016.
The record charter rate is rumoured to have been paid to Andreas Hadjiyiannis-led Cyprus Sea Lines as manager of the 5,060-teu S Santiago (built 2006).
