Global container shipping rates are high, but unsustainable: Fitch

Global container shipping companies' performance will be strong in 2021 after a profitable 2020, according to credit rating agency Fitch Ratings. Spot freight rates will remain high in the short term, which will flow through to contracted rates for 2021. "However, we consider the current rates unsustainable in the medium term, as the sector is susceptible to rate volatility