Global container shipping rates high but unsustainable: Fitch

Global container shipping companies' per formance will be strong in 2021 af ter a profitable 2020, according to Fitch Ratings. Spot freight rates will remain high in the short term which will flow through to contracted rates for 2021. However, Fitch said the current rates are unsustainable in the medium term as the sector is susceptible to rate volatility and risks of weak economic recover y and trade protectionism.