Back into the void – S&P Global Platts container update, May 2021 — Panjiva
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Back into the void – S&P Global Platts container update, May 2021

Corp - Forwarders 340 Corp - Shipping 976 Energy - Bunker Fuel 90 Energy - Crude Oil 300 Global 1389 Mode - Containerized 1468 Mode - Seaborne 1801 Theme - Rates 234

Global container shipping markets became progressively tighter during May as a result of: continued demand growth; logistics delays at ports; the long-tail impact of the closure of the Suez Canal in March; and continued mispositioning of empty containers due to earlier trade flows. The resultant drop in schedule reliability and expectation of continued elevated demand has led the major container lines to void parts of their sailing schedule in order to reset their networks. That comes just ahead of the peak shipping season as well as the risk from storms that have already impacted shippi...

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