Ellerman brand resumes Asia-Europe sailings amid box boom

Home Insights Ellerman brand resumes Asia-Europe sailings amid box boom

May 29, 2024

Container shipping spot rates have leapt dramatically in May to all-time highs – outside of the pandemic period – with many analysts noting the similar conditions, namely a sudden jump in demand, leading to a constrained fleet, then leading to box shortages, leading to congestion and then to massively elevated spot rates.

What does this windfall mean for investors?

Global shipping disrupted by Houthi attacks on container ships. Shipping container rental costs are surging and creating opportunities for investors and container owners.

Why?
- Increased Demand: Disruptions have led to a shortage of containers and created higher demand.
- Higher Rental Yields: Rising shipping costs make container ownership more profitable due to the shortage.

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