Market News – Container Rates Continue to Set New Highs in 2021

“A lack of equipment and the ongoing ramifications of coronavirus, added to unforeseen factors such as the blocking of the Suez Canal, have squeezed supply chains, pushing capacity to bursting point,” says Berglund. “This leaves stressed shippers facing increasingly one-sided negotiations and, even when contracts are signed, the potential of rolled cargos and broken agreements as operators take advantage of massively lucrative spot rates.”