Soaring container freight rates are bound to stay high as long as Covid-19 continues to snarl supply chains, according to top brass for Seaspan Corp parent Atlas.
Rates skyrocketed last year as supply became overwhelmed with a tsunami of pandemic-delayed products from China that has since made boxships practically worth their weight in gold.
Executives pointed to resurgence of lockdown measures as a key factor in continuing to prop up rates.
