Container rate rally has more legs than bears assume

Container spot rates have done exactly what they did in 2021, and the market has drawn exactly the conclusion you’d expect: this is a repeat performance of a one-off, and it will end the same way. The SCFI is up roughly 150% since late February and 11% since the mid-June truce alone, container timecharter rates are near cycle highs, and forwarders and carriers alike are reporting sharply improved Read full article →