Maersk says lockdowns have not dented demand

High shipping rates are set to continue for at least several weeks, despite new coronavirus lockdowns in Europe

Containers are seen stacked up on a Maersk Sentosa container ship at the port of Antwerp

di Jacob Gronholt-Pedersen

Copenhagen -  High shipping rates are set to continue for at least several weeks, despite new coronavirus lockdowns in Europe, boosted by demand for furniture, exercise equipment and home improvement goods, shipping group Maersk said on Wednesday.
 
A surge in demand from shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows and triggered a spike in the cost of moving goods around.
 
“There are simply not enough containers in the world to cope with the current demand,” Maersk’s Chief Commercial Officer Vincent Clerc told a media briefing.
 
“We don’t really see a big change in demand, even with new lockdowns in Europe. The current high container demand will continue at least for some weeks,” he said.
 
The majority of consumer goods are ferried by container ship operators like Maersk, the world’s biggest. Container ships have been sailing at full load since August – something that has not happened in a decade.
 
Governments across Europe have imposed new restrictions to contain a second wave of the coronavirus, including a new virus variant, first detected in Britain, that is believed to be more transmissible.
 
“We have yet to see whether the new lockdowns will trigger people to buy even more on Amazon and other online channels, or whether demand will be hit by weakening economies,” Clerc said.
 
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