Container shipping rates are likely to remain high for seafood companies until the third and fourth quarters of 2023, according to global carrier Eimskip, which has more than 50 offices across four continents.

Since the onset of the global COVID-19 pandemic more than two years ago, the seafood industry has suffered from soaring shipping rates and reduced shipping options as firms from all industries battled for space aboard vessels.

The crisis began in early 2020 when containers became stranded in the wrong parts of the world from where they were needed due to congestion at ports sparked by COVID checks, combined with spikes in demand for commodities and consumer goods, shipped particularly from China.