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The container market upturn could last until 2024

The market for container transport is headed for a "new normal" with a market characterized by high freight rates in a cyclical upturn that could last for years, says analyst Lars Jensen. Both shippers and logistics companies could face hard times.

Photo: Maersk Triple-E/Kontraframe.dk

Shippers and logistics companies face a series of tough years in which a cyclical upturn ahead of 2024 will benefit container lines with stable, high rate levels, says analyst Lars Jensen of Vespucci Maritime.

Jensen made his assessment during a webinar held by DSV Panalpina Tuesday to take stock of the rather chaotic container market, which has so far turned 2021 into a record year for container lines – and a costly one for shippers.

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