Global container shipping market volume - growth rate 2015-2022
Uncertainty in the container market
The global supply chain has been facing a series of challenges since the start of the COVID-19 pandemic in early 2020. Port closures due to coronavirus outbreaks, port congestions, rising prices of bunker fuel, and problems with capacity utilization were plaguing the global container shipping industry for most of 2020 and 2021.On the other hand, the recent spike in container freight rates turned out extremely profitable for container ship operators who reported record high profit margins in 2021.