Highest container rates in five years keep Maersk afloat
Container rates have just reached the highest end-year level in five years. The level could continue into the new year, which according to Jefferies is good news for Maersk and its competitors. One of the reasons is a new billion-dollar expense, which customers now have to foot the bill for.
Not since 2014 have container rates been as high at the end of a year as they currently are, and that is good news to both Maersk and the overall container industry.
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