Container Shipping Contracts To Expect Highs Amid Season Surcharges

  • Shorter timeline to return containers amid Asia equipment shortage.
  • Peak season surcharges rolled out for more shippers.
  • Spot market activity expected higher as hedge against higher contract rates.

Companies negotiating annual container shipping contracts with shipping lines before the end of the first quarter can expect increases in peak season surcharges and decreases in allowable free time with the container, as shipowners gain leverage from increased demand, reports Platts.

Empty container...

https://mfame.guru/container-shipping-contracts-to-expect-highs-amid-season-surcharges/

Global Container Rates To Fare Well Following Profitable 2020

Global container shipping companies’ performance will be strong in 2021 after a profitable 2020, Fitch Ratings says.

Surging spot freight rates

Spot freight rates will remain high in the short term, which will flow through to contracted rates for 2021. However, we consider the current rates unsustainable in the medium term, as the sector is susceptible to rate volatility and risks of weak economic recovery and trade protectionism, requiring constant prudent capacity management.

A combination of...

https://mfame.guru/global-container-rates-to-fare-well-following-profitable-2020/

Container Shortage Crisis Puts A Dry Spell on Trade Activity

  • The recent Budget has proposed subsidy support to vessels that register in India.
  • More than 85% of global trade happens in containers.
  • Containerised imports have seen a sharp decline since July-August 2021.

An article in CNBC TV18 reports of the ongoing container shortage crisis in the post pandemic scenario.

Pandemic takes a toll on economy

Exports are the lifeline of an economy and if fuels GDP growth, earns foreign exchange, makes goods competitive and generates employment.

India has an...

https://mfame.guru/container-shortage-crisis-puts-a-dry-spell-on-trade-activity/

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