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September 2021 Review

$200,000 a day for a boxship charter; $135m for a six-year-old, 6,865 teu vessel – the scorching container shipping sector hit supernova territory in September, albeit finally showing signs of plateauing by the end of the month. Record numbers of ships are waiting to call off the US west coast and Chinese anchorages are also swamped. Maritime regulators from the European Union, the US and China met virtually on September 7 to discuss competition issues related to liner shipping.

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