ShippingWatch

Extreme container rates can push shippers into bankruptcy

Extreme container freight rates might lead to a string of bankruptcies for companies without transport deals, says shipping analyst Lars Jensen in an analysis to Shippingwatch. Particularly smaller fashion brands are under pressure, according to trade organization.

Photo: Patrick T. Fallon/AFP/Ritzau Scanpix

Many companies that are dependent on container freight are under severe pressure these days, as container freight rates have reached such extreme levels that, at worst, companies without fixed transportation contracts could risk going out of business.

This assessment comes from shipping analyst and CEO of Vespucci Maritime Lars Jensen who calls the significant rate disparity in freight rates a natural consequence of an open market.

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