Rates still slipping as peak season recedes and port strike threat subsides
Freight rates are continuing their downward correction following the premature peak season and front-loading of ...
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The global container availability crisis is unlikely to ease before the end of the year – despite 2021 likely being a record-breaker in terms of new boxes delivered.
According to John Fossey, senior analyst of container equipment at Drewry Shipping Consultants, around 1.4m teu of new containers were delivered in the first quarter, around 10% more than in the final quarter of last year and 21% more than in Q1 20.
“Based on current activity, we believe the full-year 2021 production could ...
Comment on this article
Philip Embiricos
April 27, 2021 at 2:24 pmthe number of total containers available is below the normal 2 to1 ratio of container fleet to container ship fleet in TEUs
Att present cost of replacement container owners can delay the scrapping of their older units through maintenance