Rates and Charter Periods Continue to Improve - Constantin Baack, CEO, MPC Container Ships - Q3 2020
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Podcast Summary
Rates and Charter Periods Continue to Improve - Constantin Baack, CEO, MPC Container Ships Optimistic on the Intra-Regional Container Shipping Market:
"With a slight time lag, charter rates also started to improve. Initially, for larger tonnage, but subsequently, also for smaller units and current rate levels are, in fact, significantly above 2019 levels. In fact, the charter market is booming and not only has the idle tonnage come down and the rates increased, also the charter periods have improved significantly.. Higher charter rates in combination with longer charter periods is extremely good for container tonnage providers and a good indicator of where the market stands” comments, CEO Constantin Baack of MPC Container Ships during its 3Q 2020 earnings call.