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A little off the top – S&P Global Platts container update, February 2021

Corp - Forwarders 299 Corp - Shipping 877 Energy - Bunker Fuel 87 Global 1276 Mode - Containerized 1352 Mode - Seaborne 1685 Theme - Rates 205

The container shipping industry continues to face elevated demand and port congestion which appear to offer little respite from elevated shipping rates. The challenges have moved on from being focused on Transpacific routes with shipments to the U.S. from India, for example, having faced a doubling in rates since September. There’s reportedly only been a minor pull-back in manufacturing in China during the lunar new year with congestion in U.S. ports being elevated for long enough that liners have rescheduled their services. Rates nonetheless held steady with Asia-to-U.S. west coast rate...

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