The container market won't normalize materially until far into 2022, says FMC chair

Even if demand for container transport normalizes to some extent over the course of 2022, it will take months before carriers are able to say the same, FMC Chair Daniel B. Maffei tells ShippingWatch.

Photo: Damian Dovarganes/AP/Ritzau Scanpix

by TOMAS KRISTIANSEN

A little more than a year after the Covid-19 pandemic triggered an unprecedented development in the container market, the demand for goods from Asia has only continued to rise, while inventories of many businesses across the US and Europe stand empty just as they have for months on end.

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