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Making hay while the sun shines – S&P Global Platts container update, August 2020

China 2599 Corp - Ports 785 Corp - Shipping 809 Energy - Bunker Fuel 81 European Union 658 Global 1167 India 410 Mode - Containerized 1268 Mode - Seaborne 1598 Theme - Rates 179 U.S. 4621 United Kingdom 282

Container shipping rates continued to surge in April with North Asia to West Coast North America reaching an all-time high of $3,400 / FEU on Aug. 24, up 25.9% compared to a month earlier. That’s been due to a surge in demand and has led to shipments being delayed as well as an antitrust review in China. The latter may be driving out-of-alliance shipping routes such as that implemented by MSC. Further disruptions including cancelled sailings in India, the tragic explosion in Beirut and strikes in Montreal have all put upward pressure on rates globally. Container lines and rail operators ...

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