Containerships have led growth in freight rates and order placements in 2021. For containerships, the average freight rate and order placements in 1Q-3Q21 surged 240.7% and 1,379.0%, respectively, vs. 2020 levels. Freight rate hikes were mostly attributable to congestion at US ports. Containerships currently have to wait ten days or more for loading and unloading, …
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