Customers predict container market normalization in 2022 at the earliest

Several major logistics companies have written off the idea of a normalized container market in 2021 with rates similar to those before the pandemic. According to Jochen Gutschmidt, VP of Advisory Services at Sea-Intelligence, seafreight budgets between Asia and Europa will double this year.

Photo: Lucy Nicholson/Reuters/Ritzau Scanpix

Logistics companies and shippers have all but lost hope that the market will be anywhere close to normal this year, as rates continue to soar.

Almost six months into 2021, many of them have found that the rapid development has only ntensified the exceptional upward trend of freight rates that continue to break new records week after week.

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