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