CONTAINER FEVER: Large container shipping lines are raking in money like never before, but the volumes of containers have barely changed since last year. Bottlenecks and delays keep volumes in check, although next year's financials will be "wild" as well.
This week's meeting in the IMO's environment committee has documented that more and more countries declare their support for net-zero emissions by 2050. No decisions were made, and there will probably be none next summer, either. All eyes are now on the year 2023.
There are no signs of improvement for the queues of container vessels waiting off the ports of Long Beach and Los Angeles, says container analyst Lars Jensen. The vessels are now waiting further out to sea.
Concerns that a new Covid-19 variant discovered in South Africa could spread have Asian stocks and US equity futures on the decline, with crude prices dropping as well. WHO expects it will take weeks to shed light on the new variant. Updated.