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Container Ship Scores ‘Off The Charts,’ ‘Fantasy’ Charter Rate: $135,000/Day

In a sign of just how frenzied the container market has become, a freight forwarder is reportedly paying $135,000 per day for a short-term charter of the S Santiago, a container ship with a capacity of 5,060 twenty-foot equivalent units (TEUs). "Charter rates for short employment … have gone out of control," said Alphaliner in its new weekly report.

ATCO

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Zoom Exceeds Estimates Across The Board

After the closing bell on Tuesday, Zoom Video Communications (NASDAQ: ZM) exceeded estimates across the board with its first-quarter results, seeing 50% revenue growth for the full fiscal year as expansion drops compared to a pandemic-shaped year during which the platform reached unprecedented heights.

ZM