Container freight rates retreat

Container freight rates retreated in 4Q21 from the all-time highs recorded in 3Q21 as the growth in cargo demand slowed down and supply chain congestion showed tentative signs of easing.

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However, Drewry expects rates on major East-West lanes to increase again in January 2022, ahead of the CNY holidays.

The ongoing supply chain bottlenecks and a worrying new Omicron variant are likely to increase supply chain risks across the globe.

Source: Drewry’s World Container Index