The “capacity crunch” in container shipping markets is likely to remain until the end of 2023, according to Bimco chief shipping analyst Peter Sand.
He told a London International Shipping Week (LISW21) webinar that it would be another 12 months before the backlog in container ports is unwound.
“It could actually be we need to go all the way until 2023 and the Chinese New Year at that point in time until we get to what might be the next normal,” he said at a S&P Global Platts and Bimco webinar.
