Container Trade Accelerates as Rates Continue to Climb
Despite the Container market taking a significant hit from the impacts of Covid-19, rates have bounced back with a vengeance reaching extraordinary record highs of 54,000 USD/day in April. An impressive 350% increase since June 2020. Olivia Watkins, Head Cargo Analyst, delves into the effect on cargo miles, increasing speeds and the forecast for the market as demand continues to grow.
“Container speeds and container rates have both been...
https://allaboutshipping.co.uk/2021/05/07/container-trade-accelerates-as-rates-continue-to-climb/