- Container ship contracting spree now exceeds 10 million TEU
- Product tanker contracting hits 18-year high after 17% rise y/y
- US grain exports seen rising 12%, but sailing distances could shorten
- India now depends on Russia for 40% of its crude oil imports
- Container ship fleet expands by 11%, fastest growth in 15 years
Transatlantic container shipping spot rates jump 210% on last year
For almost three months now, the spot freight rate for containerised goods shipped by sea from North Europe to the US East Coast has been 210% higher than last year (1 July – 23 Sept).
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Posted:
24 September 2021
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