2021 PREVIEW: Markets wary of worsening shipping problems ahead of Chinese New Year

By IM Staff
Published: Tuesday, 22 December 2020

Shipping problems faced by commodity market participants are likely to get worse ahead of Chinese New Year on February 12, 2021, sources told Fastmarkets.

By Alice Mason, Lee Allen, Davide Ghilotti, Ewa Manthey

Freight rates for both bulk vessels and containers have soared to record highs in recent months amid a perfect storm of higher global shipping demand and rising crude oil costs.

Those involved in the container trade have been particularly hurt, facing...

This is a preview of the full article

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