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.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs