Crest of the wave – S&P Global Platts container update, October 2020

Corp - Forwarders 278 Corp - Ports 800 Corp - Shipping 836 Energy - Bunker Fuel 83 Global 1204 Mode - Containerized 1300 Mode - Seaborne 1627 Theme - Rates 189 Theme - Shipbuilding 100

Global demand for container shipping services remains strong, but not by as much as the industry may have expected. U.S. seaborne imports climbed 16.2% year over year in October, though the North Asia to U.S. east coast container shipping rate dropped by $150 per forty-foot equivalent units to $4,500/FEU. Equipment shortages remain endemic as demand remains strong after Golden Week, particularly in India with the president of Adani Ports and Special Economic Zone, Sandeep Mehta stating “exports moving through Indian ports were now back to pre-COVID levels, while imports would be back to ...

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