To kick 2021 off, we thought we would share a few updates on the current global shipping container market, as things continue to change very quickly.

Factors at Play

The Global Shipping Container Market Price

What is causing this?

There are many theories, but it seems the main driver is the shift by the global consumer from service-based spend (travel, tourism, restaurants etc.) to consumer goods, resulting in a spike in demand for shipping services.

How long will it last?

It is very difficult to say, but with the continued 2nd and 3rd waves occurring globally, we see the situation maintaining until well into Q2 of 2021.

Update (04/03/2021): We do see this extending well into Q2 now and potentially even Q3 of 2021.

Immediate impact for us?