In global container markets, the song remains the same. Since the publication of MSI’s third-quarter report, both freight and time-charter rates have essentially moved sideways. MSI’s T/C Rate Index has registered a 4% fall since September, but this has been driven only by smaller containership benchmarks and in the most recent data market movements have been sidewards or in some cases upwards again.
Container ship rates: the same old song or a brand new tune?
Container markets are ending the year with congestion and Covid-19 still in focus, but it is too soon to judge if a fundamental shift is taking place