Those of us who believed the worst was over after the incredible events the past months need to re-consider.
Rates increasing to an average market level of +/- 9000 usd/FEU by end of 2020/beginning 2021 had to be the end of it? Knowing these were rate-levels about 4 to 5 times the rates we, until then, perceived as normal. Afterwards the rates had to decline again to a more realistic figure?
As expected rates started to drop indeed, and about two and a half months there has been a downward pressure on the rates. In those period the rates dropped with nearly 2000 usd on a FEU.
23 March 2021 - the day that the Ever Given got stuck in the Suez canal opened the door for a new round of carriers competing to be the highest bidder
The question will be where this new peak will end? Will it go higher than the previous peak? To be honest it's not very unlikely that this might happen!
As carriers are still experiencing lots of space and equipment issues they are all still increasing their rates, and we expect the May rates to go even higher than the ones
for April which we currently have available.
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