Why Charter Activity Is Slowing — But Rates Are Not?

The signal most shipping leaders are underestimating

Charter market activity has slowed.

Fewer deals are being done.

But rates have not fallen.

They are still firm.

In some cases, they are rising.

That should not happen in a normal market.

Because when activity slows, prices usually go down.

But not this time.

Because this is not really about demand.

It is about supply.

There are simply not enough ships available.

And that is already changing pricing.

👉 What the market is not fully pricing in yet: