Who would have expected the immediate aftermath of a global pandemic, business lockdown and trade slowdown to produce record freight rates for the liner industry?
Spot prices for 40-foot equivalent unit (feu) containers have scorched their way through the $3,000-per-day mark on the key Asia to US West Coast route.
And, rather than running up poor second-quarter results, liner giants AP Moller-Maersk and HMM have reported better-than-expected profits this month.
