Never has container shipping begun a year on such a high.
The Shanghai Containerized Freight Index hit a new record in the last week of December, up 76% year on year and topping 5,000 points for the first time. There were 101 container ships waiting for berths in Los Angeles/Long Beach on Sunday, very close to the peak. Trans-Pacific spot rates quoted for this month are higher than in December, which were higher than in November.
Annual contract rates are up sharply in 2022. According to the...
https://www.freightwaves.com/news/container-shippings-2022-outlook-the-bulls-bears-and-wild-cards