In the spring of 2021, will the shipping companies charge wildly?
The 2020 epidemic has brought tremendous changes to the shipping market. In the first quarter of 2021, this change is expected to continue; both shipowners and shippers may strive to convert long-term leases into short-term leases.
The beginning of each year is the peak period for annual lease negotiations. Many market participants believe that in 2021, many trade routes will maintain high freight rates. Therefore, the negotiated price in early 2021 may hit a record high.
David Bennett, the head of Globe Express Services in the United States, said in his December cargo outlook report: “Don’t tell the other party that 2021 is an ordinary year.”