Shipping companies are reluctant to put a date on when container shipping trade will return to anything remotely like normal, spelling bad news for seafood companies importing and processing inventory in other parts of the world -- Asia in particular.
Container line operators are collectively expected to make around $100 billion (€86 billion) in profits this year, a result of the phenomenal, COVID-19-induced bonanza that nobody predicted.
While this may be welcome news for the shipping sector, which has endured a long period of low shipping rates, the seafood industry is among many sectors struggling to deal with a shortage of shipping containers, which has driven up freight costs massively for US and European importers.
