News / Freight rates will stay high next year – no respite for shippers, predicts Drewry

© Mr.siwabud Veerapaisarn

Some three million teu of new tonnage arriving next year will most likely be “more than offset” by further market disruption, ensuring no respite for embattled shippers, according to Drewry.

As the prospect of more US east coast port strikes remains uncertain, the maritime consultancy drew up scenarios with a strike in January and without one, and found that in both models, freight rates would continue to rise.

Port strikes “will have significant inflationary impact on spot rates, not just on the ...