Entries Published On May, 2021
Container Trade Accelerates as Rates Continue to Climb
Time charter rates The Container market has seen an unprecedented increase in rates since the end of 2020. Container 1 year TC rates have surged to extraordinarily new highs with 8,500 TEU values rising to a record 54,000 USD/day for April. This is an increase of 350% since June 2020. Throughout 2020 the market fell …