The containership sector has been so hot for several months that owners are beginning to throw around the "S" word: supercycle.
The Freightos Baltic Index more than tripled to 4,092 points on Wednesday from 1,363 points a year ago, cooling off from a high of 4,302 points attained on 24 February.
The upturn took off in the second half of 2020 when the index hit 1,817 points on 1 July and never looked back amid a "Covid crunch" that slammed owners with fixtures for delayed goods.
