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 ($AKMBY) 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.
