Container shipping has seen a rapid decline from record freight and charter earnings this year, but that still does not make the sector “cheap”, according to Clarksons Research.
The Shanghai Containerized Freight Index hit the highest level on record in the first week of January at 5,110, from a 2021 average of 3,792.
It now stands at 1,923 points, down 62% from the start of the year and 53% lower in the past 12 weeks.
