Ship Owners Losing After $11.4 Billion Battle for Boxes: Freight
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After a quarter in which companies selling space on container lines doubled rates, the amount the owners of the ships are being paid is the least in two years.
Operators, who charter vessels and then charge shippers per container, are demanding $1,379 for a 20-foot box on the China-to-Europe trade route, up 97 percent this year, according to Clarkson Plc, the largest shipbroker. A measure of how much they’re paying ship owners fell 4.2 percent since the start of January, data from the Hamburg Shipbrokers’ Association show.