Market update: freight rates continue to be under pressure

ocean-market-update

Freight rates fell by -10% in March so far, marking a 21% drop since their peak in January. Carriers were unable to achieve a rate increase in mid-March, but April increases are planned with AP-EU futures rebounding 10-15%. Idle containerships continue to decline due to demand related to the Red Sea diversions and Far East market’s recovery after Lunar New […]

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