Container rates staying up despite coronavirus

While demand falls steeply, and the container lines are increasingly withdrawing ships from service, rates seem to stay up, shows a comparison of indexes. Indian ports are flowing over.

Photo: Morris Mac Matzen/AFP/Ritzau Scanpix

Even though the container shipping lines are withdrawing ships daily from their sailing plan due to the steep drop in demand from western nations, the rate level looks set to continue. At least for now.

This is clear from a comparison of a series of indexes performed by Sea-Intelligence Consulting.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

Norden reshuffles management and dials up growth ambitions

Norden establishes a new business structure and a new senior management team. This will entail increased growth in the carrier's tanker pool and investments in port logistics for an annual USD 20-40 million, CEO Jan Rindbo tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs