Global Container Rates To Fare Well Following Profitable 2020

Global container shipping companies’ performance will be strong in 2021 after a profitable 2020, Fitch Ratings says.

Spot freight rates will remain high in the short term, which will flow through to contracted rates for 2021. However, we consider the current rates unsustainable in the medium term, as the sector is susceptible to rate volatility and risks of weak economic recovery and trade protectionism, requiring constant prudent capacity management.

A combination of...

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