News / High charter rates could be carriers' Achilles heel come downturn

Importers phasing out the frontloading of goods and consumers reverting to spending their money on services in a post-pandemic world are a “looming threat” to demand.

And that will be of concern for carriers locked into long-term expensive charters, according to BIMCO.

The shipping association said it expected the current high volumes to continue into the peak season, but thereafter demand is less certain.

“Once we approach a post-pandemic world, demand looks set to slow as stimulus measures and restrictions are eased, leaving ...