2021 is shaping up to be a golden age for container ship operators, with January’s substantial rise in long-term contracted rates being “blown out the water” by developments in February. According to the latest XSI® Public Indices report from Xeneta, which crowdsources shipping data to deliver unique market intelligence, rates soared by 9.6% month-on-month (following January’s jump of 5.9%).
All key shipping corridors registered steep climbs, driven by continuing surging demand, lack of...