Charter rates recorded sharp falls last week, with the negative sentiment in the
freight markets finally filtering through to the charter market. With freight
rates rapidly collapsing across all tradelanes, charter rates are belatedly
catching up with further rate falls to follow given the rising number of vessels
available spot and on a prompt basis.
Shorter period charters of up to 6 months are no longer commanding any premiums
over 12 month rates, while the gap on 24 month rates are also na