Ships transferring containers are bought out; issues to the market

It’s nearly unimaginable to discover a ship to switch containers whereas the intense issues of congestion within the ports internationally nonetheless persist.

Senior analyst of Alphaliner Jan Tiedemann stated that almost all ships are bought out whereas analyst of Jefferies, Randy Giveans stated that 150,000-200,000 {dollars} every day are paid for journeys that final 30-45 days.

That is main firms to buy second hand vessels, the worth of which have skyrocketed.

For example he talked about that the Mediterranean Delivery Firm has bought round 120 second hand vessels within the final twelve months.

It’s famous that the principle causes for the congestion the ports is the large demand because of the pandemic, the unhealthy climate in China and the lockdowns.