Freight News, Sea

New report keeps track of soaring freight rates

[ December 14, 2020   //   ]

Importers and exporters around the world are experiencing rising container shipping rates on most routes, despite the fall in fuel and other  vessel operating costs and better utilisation of capacity, says the Global Shippers Forum (GSF) in its latest report. Available capacity continues to lag growth in demand as global trade recovers from the Covid-19 induced shocks of the first half of 2020.

The quarterly report is published in partnership with logistics research consultancy MDS Transmodal.

GSF secretary general James Hookham commented: “Shippers are experiencing massive fluctuations in global trading patterns, erratic service levels and runaway spot rates. The Container Shipping Market Review aims to give them an insight to what’s going on and allow them to put numbers to the changes they are experiencing.

“MDST’s unique data modelling capabilities will help shippers explain their experience of shipping services and costs to their internal audiences. It will also allow GSF and its member associations to provide a reliable evidence base in our work to inform national governments and international agencies of the behaviour of a sector which is vital to the economies of every trading nation on the planet.”

The report can be downloaded at: GSF/MDST Global Container Shipping Market Report (

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