News / At least two more years of freight rate pain for shippers as carriers 'cash in'

Shippers must brace themselves for at least two more years of elevated freight rates and tight supply, according to Drewry.

The maritime consultant predicts average rates – a blend of spot, contract, backhaul and regional trade rates – will increase about 23% this year; but for some headhaul routes, it said, the hike would be “substantially higher”.

During Drewry’s Container Shipping Outlook webinar today, senior manager for container research Simon Heaney said rates were expected to fall next year, although not to ...