Shipping prices may be heading higher but are 'not super yet,' analysts say

James Marshall, CEO and founder of shipping company Berge Bulk, said he expects more iron ore supply from Brazil and stronger coal demand from China in the second half of the year, and that's going to be "very positive" for freight rates."Our ships are still getting held up by severe … Covid quarantines," he said during the Shipowners Forum, which was part of Singapore International Ferrous Week.

Discipline in not ordering new ships and the phasing out of certain older vessels will also help keep rates higher, he added. "If you have demand growth running above fleet growth in any of those three years, you're going to have a firm freight market rate," he said. "What we're in is a disruptive global economic situation brought about by the pandemic, and this freight market is being driven by a construction boom, which is a government policy response to that pandemic," he said.Government policy could just as easily stop costs from rising further, Williams said.

Why? Because the port's cannot sing the political new release song COVID19 due to COVID19 we can't pay who due to Covid_19 we can't what Oho due to Covid_19 everything is messed up but as for the port's they were kept operating even if it was not full capacity

horrible

Has ANYONE put in holds for rates for Christmas yet?

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