Global container shipping companies’ performance will be strong in 2021 after a profitable 2020, according to Fitch Ratings, says an article published in Economic Times.
Freight ratesSpot freight rates will remain high in the short term which will flow through to contracted rates for 2021. However, Fitch said the current rates are unsustainable in the medium term as the sector is susceptible to rate volatility and risks of weak economic recovery and trade protectionism, requiring constant...
https://mfame.guru/fitchs-increased-container-shipping-rates-with-unsustainability/