Fitch Ratings assessed that global freight rates will continue to rise high in the short term, but that freight would also decrease as supply-chain disruptions are overcome and more new vessels are placed on the market over the long term.
The statement of international credit rating agency Fitch Ratings indicated that there was an incongruity between the increase in the trade of personal protective equipment, furniture and garden equipment with the pandemic and the operational problems in the supply chain, such as containers and port shortages and the demand for container transportation was high.
When restrictions on the pandemic have been lifted by governments, freight is likely to be higher for a while but is expected to be downward in the long run.
