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Overheated container market could last until next spring

The soaring rates in container transport could last until the spring of 2022, concludes Sea-Intelligence, citing two historical trends. Rates to the US could increase by an additional 25 percent.

Photo: Zim

Soaring rates and high demand for ships and equipment could last until at least next spring.

The prognosis stems from a new analysis by Sea-Intelligence which looks at how the container market has reacted to large rate increases throughout history.

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