India is one of the biggest providers of seafarers for the shipping industry. But the nation’s COVID wave has sparked travel curbs and restrictions on Indian crews, sending shipping firms scrambling to find replacements.
Sheikh Karim, a seafarer in the eastern Indian state of Odisha, spends hours on his phone everyday, scrolling through overseas shipping jobs he can’t apply for.
Spot ocean container rates are up triple digits year on year, therefore, they must be near their peak. They’re so high they don’t have much more room to run. So goes a common belief in the container market, despite the fact that this premise has already been proven wrong, and that container rates could theoretically have a lot more room to run if the upper limit is defined the same way it is in non-containerized shipping.