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01/07/2022at 09:21

Drewry eyes beginning of the end of major container upswing

The container market has turned and can see the beginning of the end of the extreme upswing. New numbers from World Container Index shows a ”material weakening” in spot rates, according to analyst.
Photo: Jonas Walzberg/AP/Ritzau Scanpix
by SØREN PICO

There are many signs that the end of the container carriers’ major upswing has begun. However, this does not mean that a swift ”normalization” of an extraordinary market – which has sent earnings way up for carriers – will take place.

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