There is no COVID-era surge in global cargo demand. There’s a lengthy albeit temporary spike in congestion compounded by a localized, stimulus-and-savings-driven demand boom in America. That explanation for skyrocketing rates gained more traction Friday when liner giant Maersk released details of its quarterly performance. Maersk — which pre-reported record Q2 2021 results on Monday …
The post Global Demand Isn’t Booming. So Why Are Shipping Rates This High? first appeared on Hellenic Shipping News Worldwide.