The bullish container freight and charter markets continue to gain ground with
carriers pushing for further rate hikes through May while demand for ships
remain unabated. Over-capacity concerns are on the backburner with containership
diversions to the Cape route effectively removing more than 7% of the total
fleet. New tonnage requirements have shifted to the Mexico and
Middle-East/Indian subcontinent markets, with 3 new services to Mexico launched
in May alone by COSCO, CMA CGM and MSC while M