World freight is in no hurry to get cheaper

World freight is in no hurry to get cheaper

Spot rates for container shipping, which have skyrocketed several times over the past six months, have begun to decline under the influence of increased supply. While analysts predict a rate normalization, this will only happen over the medium term, as supply chains are impacted by measures to combat the pandemic, including mass vaccinations of the population. In the meantime, shipowners are not without success trying to fix the growth of rates in long-term contracts.