Spot freight rates

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/

Containership Charter Market Witnesses A ‘Tumultuous’ Year

  • Containership time-charter markets have, with few exceptions, experienced a rollercoaster ride since the start of 2020.
  • Starting with where the recovery has been strongest, among midsize and larger assets, there are several clear drivers of the strong markets seen over the past month.
  • Liner companies were clearly incentivised to capitalise on high spot freight rates as much possible during the recent transpacific import surge.
  • Units chartered for short durations during the transpacific import...

https://mfame.guru/containership-market-witnesses-a-tumultuous-year/

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