Two container markets are moving in opposite directions.
Asia-Europe freight rates are down more than 30% since July.
Yet charter ships are still hard to find.
A 1997-built containership is still earning $50,000/day.
And some future ships are already booked years ahead.
Freight is falling.
Ship costs are not.
So why are ships still so expensive?
Here are 5️⃣ signals behind it:
1️⃣ Freight has already turned
Asia-Europe rates fell more than 30%.
Shippers see a softer market.