The container charter ship market is at its highest levels since 2008 and there is confidence that it will continue this year, with more to support rates than just the impact of the Covid-19 pandemic on boxshipping.
A rush to get containers back to Asia to reduce shortages at key export ports has now left the Port of Los Angeles with its own shortage, according to Container xChange.
As container lines struggle with a huge surge in volume and a shortage of equipment schedule reliability dropped to just 44.6% in December 2020, according to analysts Sea-Intelligence.