Shipping rates in Jan up 5.9% from Dec, among historic highs—Xeneta

Global shipping rates showed one of the highest ever monthly rate increases in January 2021, jumping 5.9% from the previous month and up 4.5% year-on-year, with few signs of relief on the horizon, according to Xeneta’s latest XSI Public Indices report.

Container crisis to last until 2Q, spur higher freight rates, predicts Drewry

The new year has seen “the same vertical take-off” for East-West container…