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April 16, 2021

"Container crisis" still unsolved and could extend through the third quarter

  • Ports continue to be congested, and the freight rates of major routes such as Europe and the United States have risen in an all-round way!
  • The "container crisis" is still unsolved! Global shipping costs remain high!
  • Global shipping will usher in "the craziest summer in history"!

The week-long obstruction of the Suez Canal has passed, but the impact it has caused is coming.
Ships and containers in Asia have been restricted, the spot freight rates of containers on popular routes such as Europe and the United States have risen sharply, and the ports are also in continuous congestion.
Port congestion will continue into the third quarter
At the briefing of the world's fifth largest shipping company Hapag-Lloyd last week, its CEO Rolf Habben Jansen said that he expects that the container market will still have congestion problems before the third quarter.

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