Box freight rates continue their inexorable rise
There were fears that the pandemic would lead to a collapse in demand, and with it freight rates. But with capacity tight and load factors at 100%, freight rates are soaring
The peak container season that no one expected is doing a roaring trade as freight rates hit new highs. The Shanghai Containerised Freight Index rose 6.7% in the week to Friday, putting aggregate rates at more than 50% higher than in the comparable period in 2019
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