Shipping & Logistics

Analysts project 40% drop in containership rates, but little relief on congestion

Despite a softening of global demand, port congestion will keep shipping rates higher than they were before COVID-19.

S&P Platts Global expects port congestion for containerships, such as these calling at the Port of Los Angeles, to continue to plague the sector well into 2022.
S&P Platts Global expects port congestion for containerships, such as these calling at the Port of Los Angeles, to continue to plague the sector well into 2022.Photo: Port of Los Angeles
Published 9 December 2021, 05:00Updated 9 December 2021, 13:01
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